Tags: euro
M2 Developments In the Euro Area (2003-2011)
April 14th, 2013
in Op Ed, syndication
by Dirk Ehnts, Econoblog101p> The big question in Europe: is the collapse of the economies of Greece, Spain and Ireland caused by a decline in the monetary aggregate M2, or is the economic decline causing M2 to fall? I would argue the latter, as len… more »
Unintended Consequence of Cyprus "Rescue"
March 29th, 2013
in Op Ed, syndication
Written by Hilary Barnes ="font-size: medium;">It wasn't intended to happen this way, but one of the side effects of the Cyprus crisis and the troika's botched rescue plans is that Cyprus will from now on be subject to severe controls on capital moveme… more »
Strong Euro, Revised Views
March 25th, 2013
in Op Ed, syndication
The crisis over the rescue of the Cypriot banks sent the euro lower against the dollar, and future incidents of the same type, as the euro crisis continues to stumble on, will no doubt have the same effect, but only momentarily. For the real question i… more »
When Do We Call It A Solvency Crisis?
March 22nd, 2013
in Op Ed, syndication
This post is extracted from my newsletter sent out four weeks ago, at a time when the mood in Europe was much better than now and when there was even a sense that the crisis was in the process of being resolved. I mention this to remind readers of ho… more »
Europe's Vicious Cycle of Falling GDP and Rising Unemployment
March 20th, 2013
in Op Ed, syndication
Written by John N. Katz, The Goldwatcher Doornbusch’s law:‘A financial crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.’ The ‘law’ stems from an observation made by the celebrated ma… more »
