‘Is it dangerous to borrow dollars?’
Or, remembering the crisis dollar swap lines, and noting a funding currency elephant in the room for Australian and Swedish banks.Moody’s downgrade of four Australian...
Keynesian traps and flooding the building
A frequent correspondent sent me a link to Phillip's Economic Computer, a wonderful analogue device designed to illustrate the flow of money within the economy. And that got me thinking...A very rough and brutal sketch of Keynes' classical account of ...
Keynesian traps and flooding the building
A frequent correspondent sent me a link to Phillip's Economic Computer, a wonderful analogue device designed to illustrate the flow of money within the economy. And that got me thinking...A very rough and brutal sketch of Keynes' classical account of ...
Excess Liquidity
Ian Campbell, on breakingviews.com, has a nice statement of a view I have had for a while.in their anti-deflationary fervour, central banks may be creating more money than depressed economies require. The surplus creates "excess liquidity" - which may ...
Excess Liquidity
Ian Campbell, on breakingviews.com, has a nice statement of a view I have had for a while.in their anti-deflationary fervour, central banks may be creating more money than depressed economies require. The surplus creates "excess liquidity" - which may ...
