Buiter has a nice piece today comparing Iceland with the UK. It is implicitly a scathing criticism of Irish government policy to date.
Buiter has a nice piece today comparing Iceland with the UK. It is implicitly a scathing criticism of Irish government policy to date.
2 replies on “Buiter again”
How significant is it that the Irish government guarantee of bank liabilities is only for a limited period?
Buiter’s piece worth noting in particular for the pointed manner in which he spells out that nationalization should not mean open-ended guarantees for existing wholesale funders.