A sound funeral plan can prolong a bank’s life

Anil Kashyap has an interesting article on the FT website about the design of ‘funeral plans’ for banks: you can read it here.

Deutsche Bank on the Irish Economy

Deutsche Bank have an online summary analysis of the problems facing the Irish economy (hat tip Turbulence Ahead).  Overall, it provides a reasonable account of the current situation.   However, it does perpetuate the misleading impression that the the scale of the Irish banking system is extraordinarily large relative to its GDP.  As has been noted repeatedly on this blog and elsewhere in the domestic media,  the aggregate statistics are dominated by the ‘pure offshore’ activities of international banks at the IFSC, with the ‘domestic’ component of the banking system large but not to this ‘off the charts’ extent.