The failure of a medium-size Austrian bank raises questions about the resilience of the Austrian-German banking system.
Sign In Close
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.
Economics writer20 articles | View profile
How the Greek crisis broke the Troika - http://t.co/3xcUbJRPME #GreeceCrisis #Greferendum
Can design help shrink the empathy deficit? - http://t.co/W1CHEKvBsK
RT @azizonomics: Let Them Eat Baklava http://t.co/Pqer5KikAk The Troika is cutting off its nose to spite its face. My latest for @PieriaVi…
RT @azizonomics: There Is No Tech Bubble http://t.co/dsaJFj1D7a My latest for @PieriaView, featuring @pmarca
RT @econromesh: Robots seem to be improving productivity, not costing jobs, @HarvardBiz on @CEP_LSE research: https://t.co/8ZzNQYMk0R