Recent Tweets from Place du Luxembourg
- Very interesting website on China: asiaconf.com 1 week ago
- Oh well, guess I was wrong... The ECB appears to indeed have abias for action, even if it is useless. ecb.int/press/pr/date/… 2 weeks ago
- "Why I think the ECB is not about to cut the MRO rate" placeduluxembourg.wordpress.com/2013/05/01/why… 2 weeks ago
- "Why I think the ECB is not about to cut the MRO rate" placeduluxembourg.wordpress.com/2013/05/01/why… 2 weeks ago
- Sticking my neck out: ECB will not cut tomorrow. Post explaining why to follow soon... ;) 2 weeks ago
Top Posts & Pages
- Upcoming Elections in Europe (2012 - 2013): Calendar and Voter Intention Surveys (in France, Greece, Italy and Germany)
- ECB Market Intervention: The Securities Market Programme (SMP)
- Financial Indicators: A guide to MACD and RSI using Bloomberg Interactive Charts
- ECB Balance Sheet: Composition, Scope and Limits
- Why I think the ECB is not about to cut the MRO rate
- Evaluating the Criticisms against the EU
- Week ahead Calendar – 02/04/2012 to 06/04/2012: Spanish Auction Fears, PMIs and ECB Council Meeting
- Economic Concepts: No-Arbitrage Condition and Interest Rate Parity
- ECB Monetary Policy Tools - A brief review
- ECB Market Intervention: Covered Bond Purchasing Programme (CBPP)
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Recent Posts
- Why I think the ECB is not about to cut the MRO rate
- Elections in Europe 2013: Calendar and Voter Intention Surveys – France, Greece, Italy, Austria and Germany
- What Happened in 2012?
- The UK Referendum on EU Membership: Narrative, Economic Realities and Political Ambitions
- No Early Elections in Germany… But Almost?
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Monthly Archives: February 2012
Week ahead Calendar: 27/02/2012 to 01/03/2012: M3, Italian and Spanish bond auctions, LTRO and CPI
Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s … Continue reading
Posted in Week Ahead
Tagged CPI, ECB, Inflation, Italy, LTRO, M3, Monetary base, Spain
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Weekly Bond Yield developments in the Euro Area (W8.2012): SMP, Greek bailout, PMIs,noise, forecasts and Italian Debt auctions
Sovereign debt market developments this week were marked by 6 main events: The ECB’s first week without purchases under the SMP (on Monday) The achievement of a deal for the second bailout package for Greece, between Monday and Tuesday The … Continue reading
Posted in Current Events, Weekly Bond Yield developments in the Euro Area
Tagged Belgium, Debt auctions, ECB, EU Interim Economic Forecasts, France, Germany, Greece, Ireland, Italy, Noise, PMIs, Portugal, Second Greek Bailout, Securities Market Programme, SMP, Sovereign Debt Crisis, Spain
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ECB Market Intervention: Covered Bond Purchasing Programme (CBPP)
Having looked at the tools available to the ECB, at its balance sheet, and at the transmission of monetary policy into the interbank lending market.after considering financial market failures due to Fractional Reserve Banking, overlending and VaR, I would like … Continue reading
Posted in Aides Memoire, Banking, ECB, Economic Concepts
Tagged Bank Lending Survey, Banking crisis, CBPP, CBPP1, CBPP2, Cointegration, Covered Bond Purchasing Programme, Covered Bonds, ECB, France, Germany, iBoxx, iShare, Italy, Monetary Policy Transmission, Portugal, Spain, Stabilisation
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Week ahead Calendar: 20/02/2012 to 24/02/2012: Greece, PSIs, Finance Ministers’ Meetings, Forecasts and Italian Debt Auctions
Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s … Continue reading
Posted in Week Ahead
Tagged Council, Debt auctions, ECB, EU Council Meetings, European Integration, Greece, Italy, PSI
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Weekly Bond Yield developments in the Euro Area (W7.2012): GDP, Industrial Production, Debt Swaps and ECB Seniority
This week was expected to be marked by GDP releases, by bond auctions in Italy and Spain and by clarifications over the way the ECB would support the new adjustment programme for Greece. Aside from these, the European Commission’s “First … Continue reading
Posted in Uncategorized
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ECB: Monetary Policy Transmission – Interest Rate Channel System, Reserves & the Interbanking Market
Having looked at the tools available to the ECB and at its balance sheet, after considering financial market failures due to Fractional Reserve Banking, overlending and VaR, I would like to turn my attention to the actual operation of monetary … Continue reading
Posted in Aides Memoire, Banking, ECB
Tagged Aides Memoire, Banking, Banking crisis, CDS, Collateral, Counter-party risk, Debt auctions, debt repurchases, Deposit Facility, ECB, EONIA, EUREPO, EURIBOR, interbanking, interbanking rates, intermediation, Liquidity Risk, LTROs, Marginal Lending Facility, Maturity, MRO, OIS, Overnight Index Swap, Reserve Base, Reserve Ratio, Reserve requirements, Reserves, Risk free interest rate, Sovereign Debt Crisis, Term Premium, Term Spread, Yield curve
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Week ahead Calendar: 13/02/2012 to 17/02/2012 – GDP figures and Spanish & Italian auctions
Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s … Continue reading
Posted in Uncategorized
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Weekly Bond Yield developments in the Euro Area (W6.2012): Divide & Conquer, ECB haircut and banking consolidation
The past week was supposed to be a rather calm one. Events unfolded relatively as expected with the exception of some developments in the Spanish and Italian banking sectors: PMIs delivered a grim picture of economic conditions in Europe, despite … Continue reading
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ECB Balance Sheet: Composition, Scope and Limits
Having considered some of the inner workings of how commercial and investment banking works from the point of view of (1)Banking intermediation, Fractional Reserve Banking and Bank runs, (2) Asymmetries of Information, Overlending and the Output gap, and (3) Leverage … Continue reading
Posted in ECB
Tagged Assets, Balance Sheet, Buiter, CBPP, Debt Monetisation, ECB, ECB Balance Sheet, exchange rate crisis, hyperinflation, Liabilities, seignoreage, SMP, Sovereign Debt Crisis
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Week ahead Calendar: 06/02/2012 to 10/02/2012 – Calm week?
Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s … Continue reading
