Promissory Notes: No Magic Required
Here‘s an interesting article on promissory notes by Dan O’Brien of the Irish Times. Dan defends the ECB’s approach to […]
Central Banks
Central Banks
ELA is Printed, Not Borrowed
A member of the fourth estate passed on to me a “Background Briefing” from the government on promissory notes. It
Central Banks
Slides for IIEA Presentation on ELA\Promissory Notes
My slides for today’s talk can be found here as a PowerPoint slide show and here as a PDF. They
Central Banks
Talk on Promissory Notes Tomorrow at IIEA
I’ll be giving a talk on promissory notes at the Institute for International and European Affairs tomorrow at 12.45. Information
Irish Economy
Effect of Austerity Measures by Country
Here’s what I was referring to in the previous post when I recommended looking at a European Commission report. It’s
Central Banks
Exchange on Promissory Notes with an AAA-Rated Correspondent
This weekend, I received an email from an economist from a Triple AAA-rated Euro zone country in response to the
Central Banks
ECB Governing Council Discussions
There have been a number of news stories in the past day or so (e.g. this one) which have noted
Fiscal Compact Treaty
Why Did Noonan Sign the ESM Treaty?
Nama Wine Lake asks “What did Michael Noonan get in return for an agreement which may leave this country stranded
Fiscal Compact Treaty
ICTU Meeting on Fiscal Compact Treaty
This morning I attended a meeting of the Executive Council of the Irish Congress of Trade Unions to speak about
Fiscal Compact Treaty
Killing Public Debt, Not Keynes
The excellent Seamus Coffey has a useful post on the implications of the Fiscal Compact rules for the ability of