29 citations · 32 across the 8 of their papers we have counts for
4 papers · 1 filter
The Sign of Risk for Present Value of Future Losses
Brian P. Hanley, Steve Keen
In the ongoing debate over discount rates and climate change, William Nordhaus has championed a higher discount rate to account for risk. Nicholas Stern has championed a lower rate…
The perverse incentive for insurance instruments that are derivatives: solving the jackpot problem with a clawback lien for default insurance notes
Brian P. Hanley
When an insurance note is also a derivative a serious problem arises because a derivative must be fulfilled immediately. This feature of derivatives prevents claims processing proc…
Equity Default Clawback Swaps to Implement Venture Banking
Brian P. Hanley
In this theoretical paper, I propose creation of a venture bank, able to multiply the capital of a venture capital firm by at least 47 times, without requiring access to the Federa…
Release of the Kraken: A Novel Money Multiplier Equation's Debut in 21st Century Banking
Brian P. Hanley
Historically, the banking multiplier has been in a range of 4 to 100, with 25% to 1% reserve ratios at most layers of the banking system encompassing the majority of its range in r…