Can UK Banks Pass the COVID-19 Stress Test?
byEumaeus is pleased to release our report Can UK Banks Pass the COVID-19 Stress Test? on the dire state of the UK banking system as the…
Central Banking
A Rose by Any Other Name – Corona Bonds and the Future of the Eurozone
byA European fiscal spending package worth Euro 540bln has been agreed Eurozone bonds have crashed and recovered Corona Bonds have been found unnecessary…
Get to the chopper !
by“‘Get to da choppa !’ “Short for the whole phrase that Dutch (played by Arnold Schwarzenegger) says in the movie Predator, which goes: “RUN!…
The Theory and Brief History of Money and Banking
by[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] The…
Monetary Massacre Theory
by“A deeply disturbing account of the destructive potential of belief.” – Ammar Kalia, reviewing BBC Four’s Storyville: Jonestown – Terror in the Jungle. …
The Japanization of the European Union
byThe Japanization of the European Union[1] Introduction The topic of my lecture today is “The Japanization of the European Union.” I…
150 years of bank credit expansion is near its end
byThe legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of…
The Perversity of Negative Interest
byToday, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest…
Are we heading for a liquidity trap?
byWith interest rates in many countries close to zero or even negative some commentators are of the view that monetary policy of the…