The advisory scientific committee to the ESRB has released a report on the European Banking sector here. (Link fixed.)
Category: Uncategorized
Moore Capital is shrinking – Louis Bacon is profiled here.
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.
Last week’s bond-stravaganza was very welcome and, for once, a relatively good news story. The effects of the return to the bond markets by Ireland can be seen below. In the figure below, country by country and relative one to the other, you’re looking at changes in indicative yields for 10 year bonds (Ireland actually has an 8 year bond, but let that pass) by European country. Green is bad on the horizontal, but good on the vertical, in terms of spread differential vs other countries (ht Eoin B for the clarification). Not much else to say really, except you should click on the image for a bigger and easier to read table.
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