Economic Letter – Vol 2012, No 8
Irish SME credit supply and demand: comparisons across surveys and countries – Sarah Holton and Fergal McCann
Author: Philip Lane
The CSO has put out its latest report on the international portfolio allocations of Irish-resident investors – see here.
At 1.4 trillion euro, the total foreign portfolio assets are nearly ten times Irish GDP, illustrating the overwhelming role played by international financial intermediaries (mutual funds, hedge funds, etc) in the foreign assets and foreign liabilities of Ireland. Little can be inferred from these data about the international financial positions of Irish households (direct holdings and indirect holdings via pension funds, insurance firms and mutual funds).
Anders Aslund tries to find a ‘middle way’ between Sinn and Whelan on Target2 imbalances in this VOX article.
The ECB has released a new occasional paper on these topics – available here.
Details here.