Macroeconomic Data Revisions

New analysis by Eddie Casey and Diarmuid Smyth here.

Cyprus and Greece

NYT review of Cyprus here.

FT editorial on Grexit here ;  op-ed by Greek cabinet ministers here.

IBRC liquidation ‘Progress Report’

Here.

Missing Money

FT Alphaville carries some material on unrecorded outflows from crisis-hit countries here and here.

Today’s CSO release for Ireland shows little progress in recovering/identifying the cumulative €20 billion (approximately) in “net errors and omissions” (a proxy for unrecorded financial outflows) during 2010-2011.

 

ESRB: Regulatory Treatment of Sovereign Exposures

The  risks of financial institutions (banks, insurance firms) holding excessive amounts of sovereign debt are analysed in this new report, along with an array of policy options: here.