Neoclassical economics – emperor without clothes | LARS P SYLL
EU to decide who pays when banks fail | Reuters
Greece, Portugal suffer most in eurozone from FOMC fallout | Capital City | IFRe
"Higher beta peripheral markets are suffering the worst of the post-FOMC fallout, as to be expected. Irish bonds however remain the exception where they are wider, but are also still faring significantly better than the other programme countries."
ECB: Strengthening financial resilience
Warren Mosler pointed this out. It shows the ECB operating a kind of Bagehot rule on liquidity: "OMTs are designed to keep government bond yields just below ‘panic’ levels, as previously defined, not to bring them down to levels that would somehow help government solvency. "
Inside business: Slovenia finally e...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.