There is much talk about the sovereign-bank "doom loop". But the bank-to-bank relationship is just as widespread - and just as dangerous.
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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.
Economics is a toolkit that enables better understanding of how people live, and how societies work.
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Lowly valued, yes, but oil and gas businesses lack one key thing. Cash - http://t.co/wnM4wNF2Z7
RT @Frances_Coppola: New CC post: Krugman, Bowman and the monetary financing of governments http://t.co/qw7HA6RXwV a response to @s8mb @obo…
Is Rising Inequality Helping Right Wing Politicians? - by @azizonomics http://t.co/6zQLejtKKm
Be careful what you wish for, Mr. Cameron - by @Frances_Coppola http://t.co/NPWSdkB2jS
The Next Affluent Society - by @tomstreithorst http://t.co/tBUdq1lq4A