Gordon Kerr, Author at IREF Europe

How are Central Banks Likely to Appraise the Future Viability of Neobanks?

Gordon Kerr — Wed, 26 Jul 2023 07:29:29 +0000

Questionable business models in Fintech have been exposed, as predicted, in response to rising interest rates. In Europe, the UK and US, rates have risen from near zero levels at…

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France receives a debt downgrade as interest costs and the EU imbalances increase. Is there any way out?

Gordon Kerr — Wed, 17 May 2023 05:57:18 +0000

Ratings Agencies take notice of deteriorating finances Debt ratings agencies may not have the power they used to possess before the 2008 global financial crisis, but they still carry influence.…

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Bulgaria Has Postponed its Entry into the Eurozone. What Does this Mean?

Gordon Kerr — Wed, 08 Mar 2023 07:44:55 +0000

Introduction – Bulgaria’s recent announcement On 17 February, Bulgarian finance minister Rositza Velkova announced that, rather than continue as planned with the full, formal adoption of the euro on 1…

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Croatia has Joined the Eurozone. Let’s Look at the Upside, with also a little Caution

Gordon Kerr — Wed, 18 Jan 2023 05:09:42 +0000

Introduction – Recent ECB Policy Developments Croatia became the 20th Eurozone member on January 1. Regular readers know our often expressed view that the euro is a deeply flawed currency…

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The New UK Prime Minister Sunak

Gordon Kerr — Wed, 16 Nov 2022 10:48:08 +0000

There was universal relief in the UK and international media at the demise of Prime Minister (PM) Liz Truss and her replacement by the man she had recently defeated in…

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To what Extent Can the ECB Override Financial Markets?

Gordon Kerr — Wed, 21 Sep 2022 07:04:08 +0000

Towards the end of August, every year investors focus on the Jackson Hole conference of the central banking global elite. Given widespread acceptance among central bankers that non-temporary inflation is…

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ECB Policymakers Run Out of Options; Antifragmentation Cannot BOTH Address Inflation AND Contain Spreads

Gordon Kerr — Wed, 20 Jul 2022 06:57:42 +0000

When the history of the euro currency’s rise and decline in popularity is written, the month of June 2022 will be viewed as decisive. In June, the ECB committed to…

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Sanctions could hurt the ECB more than Russia

Gordon Kerr — Wed, 30 Mar 2022 07:32:34 +0000

How can sanctions end the war? Easily, according to respected Russian chess superstar and political activist, Gary Kasparov. Simply isolate all Russian banks from the global financial infrastructure, confiscate all…

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September’15 Financial & Fiscal Features Newsletter

Gordon Kerr — Fri, 11 Sep 2015 22:04:00 +0000

China devalued its currency by 3%. Financial markets responded disproportionately, but we explain that it is quite understandable, given government policies in the rich countries.
We then investigate the devaluation's effect on the US and EU financial markets as well as on the currencies of emerging markets.

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Jul-Aug’15 Financial & Fiscal Features Newsletter

Gordon Kerr — Tue, 14 Jul 2015 20:23:13 +0000

Ultra Low Interest Rates have destabilized the global Economy whose capital markets now show signs of Illiquidity.

Stress testing of banks by central banking authorities has come to prominence as reliance on the traditional accounting standards has waned. Europe’s banking system was successfully stress tested last October, but we were not impressed.

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