Credit-Less Recoveries

A new ECB working paper examines the nature of credit-less recoveries in the wake of banking crises: you can download it here.

BIS Annual Report

The BIS annual report has been issued.

The overview of the BIS analysis is here.

The full download is available here.

New Public Expenditure Databank

The Department of Public Expenditure and Reform has launched a new databank, improving access to data on public expenditure back to 1994, with extra data to be added over time.

The website for the databank is  here.

More details here.

Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies

Readers may be interested in this new CEPR report (I am one of the co-authors). A VOX summary article is here. The full report is here.

Cochrane and Kashyap on Greek Debt (and Europe)

Chicago finance professors John Cochrane and Anil Kashyap give their views here.