A report on my bizarre Twitter mauling at the hands of none other than Nassim Nicholas Taleb.
Category Archives: Central Banks
Has Cyprus Already Left the Euro?
In the presentation I gave last month on potential euro breakup scenarios, I flagged the introduction of capital controls in a euro-area member as an important step along the road to a potential breakup. Well, they are here in full today in Cyprus. Thoughts here.
Whatever It Takes? Cyprus and the Euro on the Brink
My latest thoughts: Is Draghi really going to save the euro after this week’s events.
Revised TARGET2 Paper & Implications for ECB of Cyprus Exit
I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating to a potential exit of Cyprus from the euro.
Is the Fed Going to Go Bust?
IBRC: Honey I Shrunk the Equity!
A post about the disappearance of IBRC’s equity that occurred via the promissory note bond swap.
Ireland’s Promissory Note Deal
A Victory for Common Sense on Banking Union
A new post giving somewhat positive assessment of last night’s Eurogroup announcement on banking union.
Fed’s Brave Steps Contrast with ECB’s Inertia
Some thoughts on today’s FOMC announcement and the contrast it represents to the ECB’s approach to monetary policy.
How Much Would Ireland Benefit from Replacing the Promissory Notes with a Long-Term Bond?
Lots of people I’ve spoken with about the dreaded Anglo promissory notes are mystified at why the Irish government seems willing to replace the notes with a 40-year bond. Isn’t it just replacing one kind of debt with another? Won’t we just end up paying more over the long-run? Here‘s a post where I try to answer these questions. Warning: This is a tricky topic and it’s an unusually wonkish post.