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 […]
Central Banks, Irish Economy
Central Banks
Banking, Central Banks
A Victory for Common Sense on Banking Union
A new post giving somewhat positive assessment of last night’s Eurogroup announcement on banking union.
Central Banks, Euro Crisis, US Economy
Fed’s Brave Steps Contrast with ECB’s Inertia
Some thoughts on today’s FOMC announcement and the contrast it represents to the ECB’s approach to monetary policy.
Banking, Central Banks, Irish Economy
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
Central Banks, Euro Crisis
All You Wanted to Know About TARGET2 But Were Afraid to Ask
I’ve written a new paper on TARGET2. This post introduces and links to the paper.
Banking, Central Banks
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
Central Banks, Irish Economy
After Mrs. Merkel’s Irish Jig, Are Ireland’s Problems Solved?
I’ve been very busy lately so I haven’t had much time for blogging. Here is a belated assessment of where
Central Banks, Euro Crisis
Draghi Making a Big Mistake on Greek Bonds
After supposedly clarifying their position on equal treatment in relation to their bond purchases, Mario Draghi’s comments on the ECB’s
Central Banks
Trichet Tells CNN: Don’t Publish the ECB’s Secret Letter
The heat seems to increasing on the ECB to release the secret letter to Ireland. In a rare public interview
Central Banks
Note to Republicans: The US Can’t Do a Gold Standard On Its Own
Outside my usual set of topics but apart from enthusiastic goldbug types, I hadn’t seen anyone else discuss the Republican