Can You Really Make Losses Printing Money?
Imagine you’re a smart young rich kid. You invent a money-printing machine. You use it to magic up money to […]
Can You Really Make Losses Printing Money? Read Post »
Central Banks
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
Cantillon on Central Bank Bond Sales Read Post »
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,
In Ireland, Even Bad News is Good News: Bond Sale Edition Read Post »
Draghi on Structural Reforms
I was in Brussels on Monday to present my latest briefing paper to the European Paliament’s Economic and Monetary Affairs
Draghi on Structural Reforms Read Post »
The ECB and Non-Standard Policies: Too Little Too Late?
The latest round of briefing papers for the Economic and Monetary Affairs committee’s monetary dialogue can be found here. Click
The ECB and Non-Standard Policies: Too Little Too Late? Read Post »
Europe’s Bank Assessment: A Worrying Preview From Ireland
The most important thing happening in the European economy over the next year is the ECB’s comprehensive assessment of large euro area
Europe’s Bank Assessment: A Worrying Preview From Ireland Read Post »
The ECB’s Secret Letter To Ireland: Still Secret
With the release of Trichet’s August 2011 letter to Spain, worth noting that his November 2010 letter to Brian Lenihan
The ECB’s Secret Letter To Ireland: Still Secret Read Post »
Serious Questions For Draghi On The OMT Program
The various statements from Michael Noonan and ECB board member Jörg Asmussen raise some very serious questions for Mario Draghi about
Serious Questions For Draghi On The OMT Program Read Post »
So What’s So Special About Bitcoin?
I received a number of thoughtful comments on yesterday’s article on Bitcoin and wanted to follow up on a couple of important
So What’s So Special About Bitcoin? Read Post »
How Is Bitcoin Different From The Dollar?
As Bitcoin goes through another day of crazy price fluctuations and huge publicity, this time courtesy of the U.S. Senate, I recommend two
How Is Bitcoin Different From The Dollar? Read Post »
Ireland Exits Bailout With No Backstop: A Good News Story?
After years of turmoil, Europe seems to finally have a good news story. Ireland will be the first of country to
Ireland Exits Bailout With No Backstop: A Good News Story? Read Post »
Mr Draghi, The Vicious Circle And The Stress Tests
I was in Brussels on Monday and attended the European Parliament’s Economic and Monetary Affairs Committee for its latest meeting
Mr Draghi, The Vicious Circle And The Stress Tests Read Post »
Time For ECB To Agree A New Plan For Cyprus
Some thoughts on where things stand in Cyprus including the parallels between Ireland’s treatment of Anglo’s debts and the current
Time For ECB To Agree A New Plan For Cyprus Read Post »
When Nassim Taleb Attacks
A report on my bizarre Twitter mauling at the hands of none other than Nassim Nicholas Taleb.
When Nassim Taleb Attacks Read Post »
Has Cyprus Already Left the Euro?
In the presentation I gave last month on potential euro breakup scenarios, I flagged the introduction of capital controls in
Has Cyprus Already Left the Euro? Read Post »
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 »
Revised TARGET2 Paper & Implications for ECB of Cyprus Exit
I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating
Revised TARGET2 Paper & Implications for ECB of Cyprus Exit Read Post »
Is the Fed Going to Go Bust?
While the Federal Reserve’s quantitative easing program has not yet caused an increase in inflation, many are concerned that the
Is the Fed Going to Go Bust? 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 »
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
Ireland’s Promissory Note Deal 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 »