Cyprus: Europe Rolls the Dice on its Banks
My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.
Cyprus: Europe Rolls the Dice on its Banks Read Post »
Banking
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.
Whatever It Takes? Cyprus and the Euro on the Brink Read Post »
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
Cyprus Deposit Levy: No Panic Yet But Scary Long-Term Consequences Read Post »
Cyprus Depositor Tax: Genius Plan or the End of the Euro?
A quick reaction to the Cyprus deposit levy here.
Cyprus Depositor Tax: Genius Plan or the End of the Euro? Read Post »
IBRC: Honey I Shrunk the Equity!
A post about the disappearance of IBRC’s equity that occurred via the promissory note bond swap.
IBRC: Honey I Shrunk the Equity! Read Post »
A Victory for Common Sense on Banking Union
A new post giving somewhat positive assessment of last night’s Eurogroup announcement on banking union.
A Victory for Common Sense on Banking Union Read Post »
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
Two Posts on Banking Union
There have been a lot of debates in recent weeks about how the Euro area’s banking union should work in
Two Posts on Banking Union Read Post »
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
Ireland Debt Negotiations: Not About Interest Rate on Promissory Note Read Post »
International Money and Banking
Lecture notes for the University College Dublin module International Money and Banking (ECON30150) which was taught by Professor Karl Whelan
International Money and Banking Read Post »
Should Taxpayers Bail Out Spain’s Bank Bondholders?
With the release of a draft Memorandum of Understanding for Spain, it appears that the EU may be preparing to
Should Taxpayers Bail Out Spain’s Bank Bondholders? Read Post »
Euro Crisis: Holidays First, Solutions Later
Last night’s Euro group meeting failed to resolve any of the uncertainty about the ultimate liability for ESM bank recaps
Euro Crisis: Holidays First, Solutions Later Read Post »
Euro Crisis: Two Steps Forward, Three Steps Back
After some reasons to be optimistic that Europe’s leaders were ready to finally grasp the bank debt\sovereign debt nettle, the
Euro Crisis: Two Steps Forward, Three Steps Back Read Post »
Presentation on Ireland’s Bank Debt
Today, I’m giving a presentation titled “Ireland’s Bank Debt and What Can be Done About It” at the IIEA’s conference
Presentation on Ireland’s Bank Debt Read Post »
Ireland’s Mortgage Crisis is Real
The front page headline story in yesterday’s Irish Independent was “Central Bank figures ‘overstating’ number in mortgage crisis” by Laura
Ireland’s Mortgage Crisis is Real Read Post »
A Better Deal for Spain?
Much of the reporting and instant commentary on the announcement of the deal involving EFSF\ESM funding for Spanish bank recapitalisation
A Better Deal for Spain? Read Post »
What Is Ireland’s Bank Debt and What Can Be Done About It?
In both the run up to the referendum and its aftermath, there have been widespread references to something called “Ireland’s
What Is Ireland’s Bank Debt and What Can Be Done About It? Read Post »
ECB and Bankia: Liquidity Solvency Confusion in the Eurotower
My earlier post about the FT’s story on ECB “rejecting” the plan to recapitalise Bankia by providing them with €19bn
ECB and Bankia: Liquidity Solvency Confusion in the Eurotower Read Post »
The ECB and Bankia
The FT is reporting (news article here, commentary here) that the ECB has “rejected” the Spanish government’s plan to recapitalise
The ECB and Bankia Read Post »
Richard Koo’s Euro Crisis Non-Solution
I’d like to endorse Felix Salmon’s comments on Richard Koo’s idea that banning Euro area governments from selling sovereign bonds
Richard Koo’s Euro Crisis Non-Solution Read Post »
SME Credit and Deleveraging Targets
A number of people have asked me since I wrote this post about AIB and Bank of Ireland failing to
SME Credit and Deleveraging Targets Read Post »