Jacopo Ponticelli and Hans-Joachim Voth have just published a CEPR Discussion Paper looking at the relationship between austerity and social unrest in Europe between 1919 and 2009.
This new IMF paper provides an interesting perspective on the demand for short-term AAA-rated assets.
..which is why it makes sense that this article should have appeared in the Telegraph rather than the Guardian (HT FT Alphaville).
With the exception of labelling the Irish central bank as the “Bank of Ireland”, this CEPS note is an excellent primer on the Target2 debate.