Paying Paul and Robbing No One: An Eminent Domain Solution for Underwater Mortgage Debt

There is currently an active debate in the US about the use of ’eminent domain’ powers by municipalities to achieve debt writedowns on mortgages – a New York Fed article on this topic is here.

International Trade

Jamie Smyth writes on the lreland/UK cigarette smuggling phenomenon in today’s FT Analysis page.

Back to School

Charlemagne article on the European agenda here.

Macro Vacancy at Nevin Institute

Details here.

New Journal of Behavioural and Experimental Finance

Brian Lucey of this parish has launched a new journal of behavioural and experimental finance. He details this aims and objectives of the new journal here.