May Day
by“Japan was the dress rehearsal; the rest of the world will be the main event.” Investor in Japanese stocks, known to this correspondent, circa…
Euro
The Swiss Franc and The Euro: What Now?
byBy Mihai Macovei In January 2015, the Swiss National Bank (SNB) unexpectedly removed the de facto peg of the franc to the euro.1 The move was welcomed by…
Our Outlook for 2018 Interest Rates To Stay Low. The Consensus View is that Europe’s Banks are Recovering but we are Not So Sure.
byby Gordon Kerr, Kevin Dowd and Cavin O’Driscoll, with Enrico Colombatto The Interest Rate Outlook Despite their shortcomings, European banks do not seem on…
Mario’s Squeezy-B
byHaving already touched upon the UK’s shaky fiscal position, all that really needs to be added, now that the Chancellor has actually delivered his…
Economics & International Studies Seminar: John Phelan
by14 October 2015 16:15 – 18:00 John Phelan, Capital Economics “The Road Not Taken – The Hard ECU; Britain’s Alternative to the Euro” In 2009…
Zero Hedge: Portugal’s Debts Are (Also) Unsustainable
byPortugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans…
Should Greece loosen its fiscal and monetary stance?
byThe International Monetary Fund (IMF) confirmed that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund. As a result…
A Complete Guide to European Bail-Out Facilities – Part 2: Target2 & EFSF / ESM
by[This is from 2013, first published here http://bawerk.net/2013/09/05/a-complete-guide-to-european-bail-out-facilities-part-2-target2-efsf-esm/] Today we present the Target2-system and the fiscal bail-out facilities in our series on European efforts…
A Complete Guide to European Bail-Out Facilities – Part 1: ECB
by[This is from 2013, first published here http://bawerk.net/2013/09/03/a-complete-guide-to-european-bail-out-facilities-part-1-ecb/] Over the last couple of years we have been tracking the various bail-out schemes concocted by ingenious…
Zero Hedge: The Greek Bluff In All Its Glory: Presenting The Grexit “Falling Dominoes”
by[Source: http://www.zerohedge.com/news/2015-07-04/greek-bluff-all-its-glory-presenting-grexit-falling-dominoes] Earlier today, Yanis Varoufakis reiterated his core thesis driving the entire Greek approach from day 1 of its negotiations with the Eurogroup: “Europe…