Estonia Joins the Euro Area

Estonia has now joined the euro area (10pm Irish time is New Year in Estonia) – over the years, it will be interesting to see the difference it makes in shifting from a ‘hard peg’ to the euro to full membership of the euro area.

Reading List

Landon Thomas compares the current predicament of the euro area to the predictions made before the single currency was launched in this article.

Stephen Kinsella pointed me to this site: the NSF in the US has requested ‘white papers’ on the future of economic research  – the current list of contributions is available here.

Simon Head writes on the “The Grim Threat to British Universities” in the NYRB: here.

The Mechanics of Funding under the EU/IMF Deal

Yesterday, the EFSF explained its funding strategy for the Ireland deal: the details are here.

The schedule for IMF funding was contained in last week’s IMF Country Report.  The relevant table is reproduced below:

Ajai Chopra: Conference Call

Here is the transcript of the press conference on Ireland.

Institutional Sector Accounts

The CSO has put out institutional sector accounts to end 2009: the release is here.