Politics Roundtable

Technical Problems 1/21/15

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Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


January 24, 2015, 8:18 pm, 1409389
Back in the 1980s Australians, many of them farmers, were offered low-interest loans, appealing in a high-interest environment. With changes in currency rates the loans in Swiss francs and Japanese yen quickly became much beyond the means of the borrowers to service with ensuing pain and suffering. Icelanders felt the ...


January 17, 2015, 4:18 pm, 1406275

European Central Bank statement last October in reaction to a New York Times article about Emergency Liquidity Assistance management in Cyprus –

The ECB neither provides nor approves emergency liquidity assistance. It is the national central bank, in this case the Central Bank of Cyprus, that provides ...


January 17, 2015, 12:18 am, 1406099

The reviews are in on the Swiss National Bank (SNB) abandoning its CHF 1.2 per Euro minimum peg and they are unfavourable. It seems people are shocked that Switzerland might act in a unilateral fashion and without seeing the need to coordinate with other countries.

Anyway, the departure point for many ...


January 7, 2015, 8:18 am, 1400140

Why are hundreds of Syrians turning up in cargo ships between Italy and Greece?

It seems that the Syrian government is trying to mobilise its army reserve, and the reservists aren’t keen to go.

It’s fairly well known that the government doesn’t trust much of its army, and has relied ...


January 5, 2015, 2:18 pm, 1398967

Strangely, different extreme-right groups are falling out among themselves at the same time, in that odd synchronicity European politics occasionally has. After UKIP’s pre-Christmas train-crash over candidate selection, here’s the AfD tearing itself apart over policy.

Das Schreiben unterstellte Lucke auch, er stehe in vielen Fragen den Grundanliegen der AfD-Basis ...


January 5, 2015, 12:18 pm, 1398892

So I spent my Christmas reading the Hypo Alpe-Adria crash investigation, in a follow-up to this post . The point that stands out for me is that I don’t think you can blame this one on incompetence. Too many actors involved got what they wanted for that. Instead, ...


January 4, 2015, 10:18 pm, 1398599

We were talking about Ukraine and the proliferation of SIGINT capabilities.

Now, we’ve got some facts thanks to Adaptive Mobile and the Ukrainian telco regulator. It looks like the Russians exploited the fact that they have SS7 roaming links with the Ukrainian mobile operators, and re-routed their targets’ ...


December 21, 2014, 12:18 pm, 1392814

Frances Coppola blogs on the Austrian government’s crash investigation into the failure of Hypo Alpe-Adria (latest detail – the biggest participant in the run on the bank was its garantor), also known as Haiderbank, and on the related topic of the Juncker Commission’s “investment plan”. The link is ...


December 11, 2014, 4:18 pm, 1387661

If at first you don’t succeed, try, try again…… aka third time unlucky.

The Euro crisis has all the signs of being back amongst us, and this time it may be here to stay. After two earlier false alerts – one in July around the collapse of the Portuguese Banco ...


December 8, 2014, 6:18 pm, 1385470

The Berkeley Economic History Lab is blogging a lot of its recent working papers, and they’re a goldmine of great stuff. Here’s Richard Sutch writing in October this year, whose The Liquidity Trap, the Great Depression, and Unconventional Policy: Reading Keynes at the Zero Lower Bound basically recovers ...