Tags » Financial Crises

Don't Trust your Bank!

There was a time when your local bank manager was a respected member of the community and was trusted by everyone.  Has this reputation now been tarnished beyond repair and can you trust your bank manager (if you actually have one or actually know who they are) or even your bank anymore? 323 more words


Greece left in Ruins 

Greece faces a debt default within 48 hours after the government made clear it will not repay a €1.5bn loan to the IMF that expires tomorow. 130 more words


The Lesser of Two Evils

So the Syriza led Greek government has decided to hold a referendum on whether the austerity measures now proposed by the country’s creditors should be accepted. 532 more words


Greece: "There is no such thing as a good tax."

As I start to look forward to Souvlaki in the shadows of the Parthenon in a few weeks, I am wondering whether to heed travel warnings of taking enough cash to get me through the holiday or hope that I can put all those priceless gastric memories on Mastercard. 896 more words


Must-Read: Roger Farmer (2013): Animal Spirits, Financial Crises, and Persistent Unemployment

…to explain financial crises. The model has equilibria where asset prices are unbounded above. I argue that this is an important feature of any … 9 more words

Google Alert - Animal

Pearls of unsound wisdom

If Stanley Fischer is a representative agent for Central Bankers thinking, God help us!

From his speech “What have we learned from the crises of the last 20 years? 471 more words

Monetary Policy