{"id":5588,"date":"2010-05-19T14:29:18","date_gmt":"2010-05-19T19:29:18","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5588"},"modified":"2011-01-20T14:29:06","modified_gmt":"2011-01-20T19:29:06","slug":"german-trading-ban-roils-markets","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/05\/19\/german-trading-ban-roils-markets\/","title":{"rendered":"German trading ban roils markets"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-5589\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/05\/bond-sales-150x150.jpg\" alt=\"bond sales\" width=\"90\" height=\"90\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/05\/bond-sales-150x150.jpg 150w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/05\/bond-sales.jpg 300w\" sizes=\"(max-width: 90px) 100vw, 90px\" \/>Because no one followed suit, Germany&#8217;s unlateral ban on &#8220;naked&#8221; short selling of European government bonds\u00a0&#8211; speculative bets that prices will fall on\u00a0borrowed assets which then can be sold back to the lender with the speculator pocketing the difference &#8212;<a title=\"rocked\" href=\"http:\/\/www.telegraph.co.uk\/finance\/financetopics\/financialcrisis\/7738144\/Market-chaos-warning-after-German-ban-on-shorting.html?dbk\" target=\"_blank\">rocked <\/a>global markets.\u00a0 <a title=\"Mark Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_self\">Mark Williams<\/a>, who teaches finance at the BU <a href=\"http:\/\/management.bu.edu\/index.shtml\">School of Management<\/a> and is author of &#8220;<em><a title=\"Uncontrolled Risk\" href=\"http:\/\/www.uncontrolledrisk.com\/\" target=\"_blank\">Uncontrolled Risk<\/a><\/em>&#8221; about the lessons to be learned from the fall of <a href=\"http:\/\/www.lehman.com\/\">Lehman Brothers<\/a>, says this shows that systemic risk remains high in our global financial market.<\/p>\n<p><em>\u201cShort sellers are a symptom not the cause of our fragile financial system.\u00a0 The action that will be most effective is coordinated efforts by G-20 powers to enact a global financial reform.\u00a0 Efforts being made in the U.S. will not solve the systemic risk that Greece has reminded us still exists.&#8221;<\/em><\/p>\n<p>Contact Mark Williams, 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because no one followed suit, Germany&#8217;s unlateral ban on &#8220;naked&#8221; short selling of European government bonds\u00a0&#8211; speculative bets that prices will fall on\u00a0borrowed assets which then can be sold back to the lender with the speculator pocketing the difference &#8211;rocked global markets.\u00a0 Mark Williams, who teaches finance at the BU School of Management and is [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2319,1453,2826,91,2835,2825,1530,2834],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5588"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5588"}],"version-history":[{"count":10,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5588\/revisions"}],"predecessor-version":[{"id":7745,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5588\/revisions\/7745"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}