Draghi’s bold move in euro chess game

The FT editorial provides a “fair and balanced” assessment of this initiative – here.

Forbearance, resolution and deposit insurance

The advisory scientific committee to the ESRB has released a report on the European Banking sector here. (Link fixed.)

The Euro Crisis is Tough on (Some) Hedge Funds

Moore Capital is shrinking – Louis Bacon is profiled here.

Economic Thinkers Try to Solve the Euro Puzzle

Landon Thomas outlines some of the reform ideas doing the rounds in policy circles and profiles some of the key participants in this NYT article.  He includes the ESBies idea proposed by our euro-nomics group and a member of our group Markus Brunnermeier, as well as Daniel Gros and Graham Bishop.

I am not entirely sure if it belongs in a post with this title heading but Hans-Werner Sinn makes his own proposal in this FT op-ed.

Central Bank Q3 Bulletin

Available here.  Minor improvement in growth forecast for this year, offset by minor reduction in growth forecast for next year.

As always, the ‘signed articles’ are of special interest

  • Cost Competitiveness and Export Performance of the Irish Economy by Derry O’Brien and John Scally
  • Recent Trends in Irish Expenditure and Prices by Colin Bermingham
  • Analysis of Recent Monetary Operations & TARGET2 Developments  by Patrick Haran and Samuel Bailey