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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Bernie Sanders: Why a Socialist Became Senator from Vermont - by @johnweeks41 https://t.co/mFAZlpkIDe
RT @Frances_Coppola: New CC post. The trade effect of negative interest rates: https://t.co/H3DzXMDW1T Really wish economists would think a…
A New Deal for Europe - https://t.co/RWO9ECcoO5
"Unelectable" - https://t.co/vVHIAJ1RCF
RT @NIESRorg: @anatadmati writes in our Economic Review on the problems & flaws with capital regulation. Read it here for free: https://t.c…