Cantillon on Central Bank Bond Sales
I seem to have annoyed someone with my post about the Central Bank’s bond sales, judging by this discussion of […]
Central Banks, Irish Economy
Promissory Notes
Central Banks, Irish Economy
In Ireland, Even Bad News is Good News: Bond Sale Edition
There is lots of good economic news coming out of Ireland these days. GDP is rising at an impressive rate,
Central Banks, Irish Economy
Ireland’s Promissory Note Deal
Ding dong the wicked bank is dead. Anglo Irish Bank is no more. Its successor, the Irish Bank Resolution Corporation is
Banking, Central Banks, Irish Economy
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
Irish Economy
Ireland’s Promissory Notes: An Updated Primer
An updated version of my promissory note paper is now available. Details here.
Banking, Central Banks, Irish Economy
Ireland Debt Negotiations: Not About Interest Rate on Promissory Note
The byzantine complexities of the IBRC’s promissory note-emergency liquidity assistance arrangements are such that it is inevitable that even the
Central Banks, Irish Economy
Time For ECB to Cut Ireland Some Slack?
In this article on Forbes.com, I discuss the possibility of a deal with the ECB on Ireland’s promissory notes in
Central Banks, Irish Economy
No Mr. Noonan, NAMA Does Not Borrow From the ECB
One of the great myths about the Irish economy that has circulated in recent years is the idea that the
Central Banks, Irish Economy
Morning Ireland Interview on Promissory Notes: April 4
I was interviewed on Morning Ireland earlier today about the prospect of a deal with the EU on Ireland’s promissory
Central Banks, Irish Economy
Promissory Note Arrangement an Exercise in Political Optics
From a public relations point of view, the revised promissory note arrangement has been a great success for the Irish