The failure of a medium-size Austrian bank raises questions about the resilience of the Austrian-German banking system.
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There is much talk about the sovereign-bank "doom loop". But the bank-to-bank relationship is just as widespread - and just as dangerous.
Portugal's Espirito Santo Group shows that complex, opaque corporate structures with embedded banks create moral hazard and the risk of fraud.
Almost nobody actually understands how payment systems work. That is: if you “wire” funds to a supplier or “make a payment” to a friend, how does the money get from your account to theirs?
Acharya and Steffen (A&S), authors of “Falling short of expectations? Stress-testing the European banking system”, have written a confusing paper whose results are biased. Here's why.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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Brexit and the Law of Unexpected Consequences - by @johnweeks41 https://t.co/NlFbmF3yXU
Eurozone’s So-Called Recovery Masks A Dark Secret: Mercantilism - https://t.co/HkBC18QRko
RT @pdacosta: “There are two ways of being unhappy. Not getting what you want is one. Getting what you want is the other.” https://t.co/ylR…
RT @CJFDillow: Blogged::George Osborne and Mesut Ozil have something in common https://t.co/RIf6eu1hoY