Vermont Exit from the Dollar Would Have Little Impact
Following Landon Thomas Jr’s New York Times report “For Euro Zone, a Cyprus Exit Would Have Little Impact”, we’ve been […]
Euro Crisis
Banking, Central Banks, Euro Crisis
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.
Central Banks, Euro Crisis
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
Banking, Euro Crisis
Cyprus Deposit Levy: No Panic Yet But Scary Long-Term Consequences
Despite the absence of any panic today at European banks or in financial markets, I believe this weekend’s decision on
Banking, Euro Crisis
Cyprus Depositor Tax: Genius Plan or the End of the Euro?
A quick reaction to the Cyprus deposit levy here.
US Economy
Krugman versus Wapo: Why Slow U.S. Growth Could be the New Normal
Paul Krugman doesn’t like this Washington Post piece on how slow growth could be the new normal for the US.
Central Banks, US Economy
Is the Fed Going to Go Bust?
While the Federal Reserve’s quantitative easing program has not yet caused an increase in inflation, many are concerned that the
Euro Crisis, Fiscal Compact Treaty
A Plea for Growth to Europe’s Politicians
This morning I am giving a talk to a meeting in Dublin of the chairpersons of the 27 EU finance
Banking, Central Banks
IBRC: Honey I Shrunk the Equity!
A post about the disappearance of IBRC’s equity that occurred via the promissory note bond swap.
Euro Crisis
Olli’s Follies: Is Debate About Fiscal Multipliers Unhelpful?
Olli Rehn is the European Commissioner for economics. Olli has spent much of his time in recent years telling everyone