-
Recent Posts
Recent Comments
Kevin Belcher on Buy American wcoats on Buy American Kevin Belcher on Buy American wcoats on Buy American Kevin Belcher on Buy American Archives
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- October 2018
- September 2018
- August 2018
- July 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- August 2016
- July 2016
- June 2016
- May 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- September 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- April 2013
- March 2013
- December 2012
- October 2012
- September 2012
- August 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
Categories
Meta
Tag Archives: Euro
Brexit
The reality of Brexit unleashes a flood of questions, most of which cannot be answer for quite a while. The near term consequences of the UK’s exit from the European Union will depend on the details of the divorce, which … Continue reading
Posted in Economics, News and politics
Tagged Brexit, Britain, Brussels, ECB, EEC, England, EU, Euro, European Commission, Greece, IMF, Single market, trade, UK
3 Comments
Greece: What should its creditors do now?
Following Sunday’s NO vote in Greece, what ever that might have meant, it is tempting to tell Greece to get lost and be done with them. Aside from the unseemly lack of compassion for our suffering fellow man, the further … Continue reading
Cryptocurrencies – The Bitcoin Phenomena
Revised February 14, 2014 Bitcoins are digital fiat currency passed directly between two people without the need for a trusted third party, such as a bank.[1] In this respect they resemble banknotes. Bitcoin with a small “b” is a privately … Continue reading
Posted in Economics, Money
Tagged Bitcoins, cryptocurrency, Currency, digital money, Dollar, Euro, M-Pesa, means of payment, medium of exchange, Money, remimbi, store of value, unit of account
13 Comments
Printing Money
Isn’t that just printing money? Here is a quick, and hopefully simple, primer on what central banks do. Central banks print money. They are responsible for issuing a country’s legal tender (banknotes and bank deposits with the central bank) and … Continue reading
Posted in Money
Tagged Bitcoins, Dollars, ECB, Euro, Fed, Federal Reserve, Great moderation, inflation, Lender of Last Resort, liquidity, monetary policy, PayPal, printing money, private money, recession
Leave a comment
Cyprus: Bailing in and capital controls
Three European countries with oversized banking sectors have suffered major bank failures. Two of them are in the Euro Zone (Ireland and Cyprus) and one has its own currency (Iceland). Iceland and Cyprus imposed temporary capital controls, while Ireland did … Continue reading
Posted in Banks, Debt, Money
Tagged bank resolution, bank restructuring, Banks, Cyprus, ECB, EU, Euro, Iceland, IMF, Ireland, market regulation, moral hazard, regulation, supervision
1 Comment
The Cyprus Game Changer
Early banks were established by wealthy men that depositors could trust to return their money when they wanted it. Bank owners had unlimited liability for the trust placed in them. Any losses that exceeded what the bank owed its creditors … Continue reading
Posted in Debt, Money, News and politics
Tagged bail in, bail out, Bank of Cyprus, bank restructuring, Banks, Cyprus, debt, ECB, EU, Euro, FDIC, IMF, Laiki
Leave a comment
Cyprus and the Euro
Does the Euro need to be supported by closer European fiscal integration? Many countries do just fine without their own currency and no fiscal coordination with their currency’s issuer. Panama has used the U.S. dollar for well over a century … Continue reading
Has the ECB provided the missing piece to resolve the EU debt crisis?
On September 6, Mario Draghi, president of the European Central Bank (ECB), announced that the ECB would engage in unlimited secondary market purchases of government bonds of member countries adhering to the policy conditions agreed to with the IMF and … Continue reading
The Hutchinson Lecture at the Universtiy of Delaware
Tuesday (April 17) I spent an enjoyable day in Newark, Delaware as the guest of the Economics Department of the University of Delaware. My afternoon, more technical, lecture to the graduate students and faculty covered my proposal for the reform … Continue reading
Posted in Debt, Economics, Money, News and politics
Tagged Bosnia, Currency, debt, deficit, Euro, Greece, South Sudan
Leave a comment
Saving Greece: Austerity and/or growth
Econ 101: When discussing Greece’s economic problems public officials and the press regularly toss out the need for “austerity” and/or “growth” as if they were clearly defined and understood concepts. I suspect that they mean quite different things to different … Continue reading
Posted in Debt, Economics
Tagged austerity, debt, debt crisis, EU, Euro, Greece, growth, IMF, structural adjustment
5 Comments
