Testimony on the European debt and financial crisis
Véron, Nicolas. Europe’s banking system has been in a state of systemic fragility since 2007-08. The current phase is marked by a sequence of interactions between sovereign problems and banking problems, resulting in gradual contagion to more countriesand more asset classes. The banking and sovereign crises are compounded by a crisis of the European Union […]
When markets freeze: Tobin’s q and QE
Driffill, John, Miller, Marcus. Just what on earth is going on in the global economy? Rather than get caught up in the hysteria, this column says the answers are best found by looking through the pages of history and dusting down some old textbooks. The economies of the North Atlantic look in poor shape. But it […]
Euro Zone Death Trip
Krugman, Paul. Is it possible to be both terrified and bored? That’s how I feel about the negotiations now under way over how to respond to Europe’s economic crisis, and I suspect other observers share the sentiment. Πηγή: The New York Times πλήρες κείμενο