Categories
Banking Crisis

The US Dollar Shortage in Global Banking

The March 2009 BIS Quarterly Review provides much fascinating reading. This article by Patrick McGuire and Goetz von Peter provides some fascinating empirical analysis of the funding issues in global banking.

Categories
Banking Crisis Economic Performance EMU Fiscal Policy

VOX: Ireland in Crisis

Written by Patrick Honohan and Philip Lane, there is a new essay posted on the VOX website that seeks to explain the current state of the Irish economy and recommends a shift in fiscal strategy: you can read it here.

Update:  A shorter version of the article appears in the March 1 edition of the Sunday Business Post.

Update:  The article is also cross-posted at Roubini Global Monitor.