Central Banks Pray for Electoral “Shocks”. Forced to Nationalise Monte dei Paschi, Italy Looks in Trouble, but Cleverly Plays its Sicilian Defence.
How will Central Banks cope with 2017 shocks? Perhaps new rules, one-off solutions, doubtless lots more QE. Populism will (...)
A radical change is gradually emerging in the attitude of the European Union towards multinational hi-tech giants. On the one hand, the new approach may be explained by the fact that European politicians have recently become more aware of the public policy implications of new technologies. On (...)
When interest rates on government bonds of struggling countries in the Eurozone rose heavily, up to the summer of 2012, ECB president Mario Draghi announced on 26. July 2012 that “the ECB is ready to do whatever it takes to preserve the euro.” It was the birth of the not yet used OMT program (...)
The Eventual Impact of Rising Bond Yields. Further Cracks Appearing in the ‘Global Consensus’ of Bank Supervision.
Global Bond Market Yields are Rising
The ECB’s recently announced 6 month extension of its QE programme reminds us that the speed at which the programme will (...)
At the beginning of 2008, Spain experienced an unprecedented bust in the housing market. The bust triggered a banking crisis and a recession. Moreover, Spain has dealt recently with political instability. The results of December 2015 and June 2016 election were inconclusive and only in October (...)
In the last few weeks the British Prime Minister, Theresa May, has revealed plans to reform the UK secondary education. Her proposition sees the reintroduction of the Grammar Schools model - ruled out in 1965 – among the poll of choices for secondary schooling in UK. Beyond this decision lays (...)
We are excited to report that the IREF paper "The collateral effects of political integration on credit growth in the new member states of the EU" by Andreas Hoffmann has been recently published in Economic Systems.
Since 2009, low interest rates have been associated with (...)
The creation of a European Digital Single Market is moving forward, but the risk of regulatory capture is significant and it is undermining the success of the project.
The reduction of roaming costs Consistent with the EU strategy of creating a Digital Single Market, the abolition of (...)
The European Banking Can Nears the End of the Road
“The key thing to know about Lehman Brothers is that it did not cause the financial crisis, it revealed the financial crisis”
The Credibility of Central Banks is Irreparably Damaged. Critics of Policy Grow as More (...)
Speculation: Beneficial to the Market Economy
Speculators are currently not very popular. For the globalisation sceptics from Attac speculation is to be blamed for high food prices and famines in third world countries. The German Minister for Economic Affairs, Sigmar Gabriel accuses the (...)