Memo to Draghi: Dead Central Banks Don’t Have Credibility
Mario Draghi today effectively ruled out the idea of ESM getting a banking license. I think this was a very […]
Memo to Draghi: Dead Central Banks Don’t Have Credibility Read Post »
Time For ECB to Cut Ireland Some Slack?
In this article on Forbes.com, I discuss the possibility of a deal with the ECB on Ireland’s promissory notes in
Time For ECB to Cut Ireland Some Slack? Read Post »
Eurosummit: Much Ado About Something?
I’ve agreed to write some posts on European issues for Forbes.com. They have a far higher readership than I get
Eurosummit: Much Ado About Something? 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 »
Presentation: Target2 and the Euro Crisis
Yesterday, I gave a presentation on “Target2 and the Euro Crisis” at the Bank of England’s Centre for Central Banking
Presentation: Target2 and the Euro Crisis 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 History Lesson for Professor Sinn
Hans-Werner Sinn has an article in today’s New York Times. The main point of the article is to rebut arguments
A History Lesson for Professor Sinn Read Post »
Presentation on Euro Crisis at INFINITI Conference
Yesterday, I appeared on a panel on the Euro crisis at the Infiniti finance conference at Trinity College Dublin. The
Presentation on Euro Crisis at INFINITI Conference 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 »
Voting No? Consider Reading this Post
I’m voting Yes to today’s referendum on the Treaty on Stability, Coordination and Governance. I know many people are voting
Voting No? Consider Reading this Post 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 »
Another Week, Another Target 2 Article
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 »
Me on the Euro, Two Years Ago
I came across this today and had a bit of a laugh at my own expense. Me, two years ago
Me on the Euro, Two Years Ago Read Post »
What is the One-Twentieth Rule and Does It Imply Additional Austerity?
One of the components of the Treaty on Stability, Co-Ordination and Governance that has received a lot of attention from
What is the One-Twentieth Rule and Does It Imply Additional Austerity? Read Post »
Will this Treaty Imply More Austerity for Ireland?
The debate in the opening week of Ireland’s referendum campaign on the Treaty on Stability, Co-Ordination and Governance has largely
Will this Treaty Imply More Austerity for Ireland? Read Post »
If Economics of the Treaty are Terrible, Why Vote for It?
John McManus’s rather sad and sneering economist-bashing article today gives another public outing to my now-way-over-exposed sentence “All that said,
If Economics of the Treaty are Terrible, Why Vote for It? Read Post »
Morning Ireland Appearance on IMF: April 30, 2012
I appeared on RTE’s Morning Ireland earlier today to discuss the possibility of Ireland obtaining a loan from the IMF.
Morning Ireland Appearance on IMF: April 30, 2012 Read Post »
Ireland and the IMF After a No Vote
The lead story in today’s Irish edition of the Sunday Times was titled “Treaty no bar to IMF bailout.” The
Ireland and the IMF After a No Vote Read Post »
Vox-EU Article on Target2 & Some Thoughts on Central Bank Balance Sheets
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 »