Otmar Issing and Ludger Schuknecht explain in this WSJ oped that “Berlin’s pro-growth efforts in the early 2000s saved money rather than require extra spending” – here.
Category: Uncategorized
The Financial Mathematics and Computation Research Cluster (FMC2) are pleased to invite you to attend the following topical talk by René Stulz, a member of our Scientific Advisory Board.
Financial Crises: Lessons Learned and Financial Reform
René M. Stulz, Chair of Banking and Monetary Economics, The Ohio State University
http://fisher.osu.edu/fin/faculty/stulz/
Date: Monday 17 November 2014
Venue: Institute of Banking, 1 North Wall Quay, Dublin1 (inside the Citi Building)
Time: 6:00pm – 7:00pm
Refreshments will be served from 5:30pm.
This event is free but for catering purposes please register using this link
or email irene.ward@ucd.ie
René M. Stulz Bio:
René M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economics and the Director of the Dice Center for Research in Financial Economics at The Ohio State University. He has also taught at the Massachusetts Institute of Technology (MIT), the University of Chicago, and the University of Rochester.
René M. Stulz was the editor of the Journal of Finance, the leading academic publication in the field of finance, for twelve years. He is on the editorial board of more than ten academic and practitioner journals. He has published more than sixty papers in finance and economics journals. He is the author of a textbook titled Risk Management and Derivatives, a co-author of the Squam Lake Report: Fixing the Financial System, and has edited several books.
About FMC2:
The Financial Mathematics Computation Cluster (FMC2) is a collaboration between Industry, University College Dublin, Dublin City University, and NUI Maynooth. FMC2 is a Science Foundation Ireland funded Strategic Research Cluster (SRC). The cluster brings together complementary expertise in financial mathematics, financial economics and computer science to create a multi-disciplinary research programme in asset and risk management, areas that are of critical importance to the present and future development of the international financial services sector in Ireland. For further details see http://www.fmc-cluster.org/
Today is a red-letter day in the development of the euro area, with the ECB taking over responsibility for euro area banking supervision. The new banking supervision website is here.
The purpose of this blog is to provide information/analysis on the Irish economy. While many commenters make valuable contributions, comments should focus on the topics under discussion. Comments on the integrity (broadly defined) of individuals are not tolerated.
Worth going through, here are the highlights, download the whole report here (.pdf).
- Ireland ranks 37th of 41 OECD countries, ahead of Croatia, Latvia, Greece and Iceland in a league table measuring relative changes in child poverty.
- The recession has hit 15-24 year olds especially hard. Ireland ranks 14th out of 41 countries in a league table measuring the change in NEET. The NEET league table refers to young people who are “Not in Education, Employment or Training” increased by one point to 16.1%.
- In a Gallup poll surveying people’s perceptions of how their lives have changed Ireland ranks 38th out of 41 countries across the OECD, ahead of Turkey, Cyprus and Greece. Irish families are experiencing additional stress and have a lower overall satisfaction with life. The data further shows that people do not believe children in Ireland have the opportunity to learn and grow every day.
- 18 OECD countries recorded a reduction in child poverty during the same period, including Chile, Australia and Poland, which saw a reduction of 7.9%.
I found the charts on pages 8 and 9 very interesting as well.