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.
For about five years now, Greece has been giving the euro area authorities a test in economics and politics. The test must be retaken until the authorities produce the right answers.
Visiting Professor of International Economic Policy, Princeton University14 articles | View profile
The Growing Value of Social Skills - https://t.co/9iVA8mJsTp
RT @NIESRorg: Is the Chancellor gambling on interest rates and tax receipts to hit fiscal targets? #AutumnStatement https://t.co/yqjJWV6h2s
RT @CJFDillow: Blogged: Osborne's plan to cut wages: https://t.co/N7DyBiRpmm
UK Chancellor remains defiant in implementing austerity - https://t.co/Q8vM29NXBv
Reactions to Mr Osborne’s Autumn Statement - https://t.co/V7Fiqlkyak cc @johnweeks41 @AnnPettifor @jomicheII