Examples of Currency Breakup
Varma, Jayath. Since the prophets of gloom and doom are now talking openly of a possible breakup of the euro zone, I thought it would be useful to look back at some instances of breakup of currencies to see what really happens. I have chosen some examples based on my familiarity with them and describe […]
Keynesophobia
Krugman, Paul. Dean Baker is once again justifiably mad at Robert Samuelson. It is indeed frustrating that after three years in which Keynesian predictions have been spectacularly correct, pundits insist on reading the evidence as a rejection of Keynes. Πηγή: The New York Times πλήρες κείμενο
A Bridge to Nowhere
Eichengreen, Barry. The task of officials at last week’s EU summit in Brussels can be likened to building a bridge. The fiscal and structural adjustments required of Europe’s heavily indebted economies will take time to complete. Time will be needed in Italy to get parliamentary agreement on new taxes and even more time to begin […]