Greek Lessons for Italy and Spain: Papaioannou and Vayanos

This Bloomberg article is a useful update on the Greek situation.

Michael Lewis on Germany

The Vanity Fair article is now online here.

Do More, Go Faster

I assess the implications of the new phase of the global crisis for Ireland in this Irish Times article.

Institutional Cash Pools

This new IMF paper provides an interesting perspective on the demand for short-term AAA-rated assets.

TARGET2 Unlimited: Monetary Policy Implications of Asymmetric Liquidity Management within the Euro Area

With the exception of labelling the Irish central bank as the “Bank of Ireland”, this CEPS note is an excellent primer on the Target2 debate.