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 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 »
Another week, another academic hyperventilating about the crucial importance of Target2. This week’s entry is from Michael Burda of Humboldt
Another Week, Another Target 2 Article Read Post »
I have written a new article on Target2 for Vox-EU titled “TARGET2: Not why Germans should fear a euro breakup.”
Vox-EU Article on Target2 & Some Thoughts on Central Bank Balance Sheets Read Post »
I’m off to Brussels in the morning to present my latest briefing paper to the Economic and Monetary Affairs committee
Monetary Dialogue Briefing Papers: April 2012 Read Post »
One of the great myths about the Irish economy that has circulated in recent years is the idea that the
No Mr. Noonan, NAMA Does Not Borrow From the ECB Read Post »
CESIfo Group, the research Institute of which Hans-Werner Sinn is president, has developed a fondness for issuing anonymous press releases
CESIfo Embarrasses Itself Again Read Post »
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 »
I was interviewed on Morning Ireland earlier today about the prospect of a deal with the EU on Ireland’s promissory
Morning Ireland Interview on Promissory Notes: April 4 Read Post »
From a public relations point of view, the revised promissory note arrangement has been a great success for the Irish
Promissory Note Arrangement an Exercise in Political Optics Read Post »
Yesterday’s promissory note announcement was so complex that one might imagine that the government’s officials have been cooking up the
Promissory Note “Deal”: Not What Had Been, Em, Promised Read Post »
Despite a lot of hype in recent weeks that the Irish government were going to arrive at a deal with
Promissory Note “Deal” Fails to Meet Low Expectations Read Post »
Last December, VoxEU published an article by Aaron Tornell of UCLA and Frank Westermann of University Osnabrueck titled “Eurozone Crisis,
No, the ECB Has Not Hit a Limit Read Post »
There has been a lot of media coverage in Ireland this week of a potential deal in the coming days
Standalone Deal on March 31 Payment Not Important Read Post »
Dáil Éireann Private Members’ Business Counter Motion Government Speech Wednesday 22nd March Check against Delivery I move amendment No. 1:
Micheal Noonan’s Statement on Promissory Notes: March 21, 2012 Read Post »
Here‘s an interesting article on promissory notes by Dan O’Brien of the Irish Times. Dan defends the ECB’s approach to
Promissory Notes: No Magic Required Read Post »
A member of the fourth estate passed on to me a “Background Briefing” from the government on promissory notes. It
ELA is Printed, Not Borrowed Read Post »
My slides for today’s talk can be found here as a PowerPoint slide show and here as a PDF. They
Slides for IIEA Presentation on ELA\Promissory Notes Read Post »
I’ll be giving a talk on promissory notes at the Institute for International and European Affairs tomorrow at 12.45. Information
Talk on Promissory Notes Tomorrow at IIEA Read Post »
This weekend, I received an email from an economist from a Triple AAA-rated Euro zone country in response to the
Exchange on Promissory Notes with an AAA-Rated Correspondent Read Post »
There have been a number of news stories in the past day or so (e.g. this one) which have noted
ECB Governing Council Discussions Read Post »