Links: 2013-06-21

Neoclassical economics – emperor without clothes | LARS P SYLL
 
Europe
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...


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