Monthly Archives: June 2012

On Banking Unions – Concepts, their Status, Proposals & Examples

The point of this post is to summarise existing information about banking unions. This is a very vague term that incorporates several concepts. Therefore clarifying this seems quite timely, in light of ongoing discussions. This is briefly described in the … Continue reading

Posted in Banking, Economic Concepts, European Integration | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

On International Political Economy Equilibria – Introductory thoughts, Constraints and some Intuition

Analysts, particularly economists, like to think of the world as a system moving towards and around “stable equilibria”. While this is not necessarily always true and a lot of systems do behave as a random walk, the relative usefulness of equilibrum … Continue reading

Posted in Economic Concepts, European Integration, European Interdependences, Sovereign debt Crisis, World Affairs | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Divergence in the Euro-Zone: Famous, Obscure and Predictable Facts

In a previous post about the theory of optimum currency areas (OCA), asymmetric shocks, structural problems and the intrinsic need that this creates for the institution of a fiscal union, I argued that incomplete by monetary unions (i.e.: lacking a … Continue reading

Posted in Economic Concepts, Euro-zone Update, European Interdependences, Uncategorized | Tagged , , , , , , , , , , , , , , , | Leave a comment

The Chinese Real Estate Bubble – National Accounts, Balance Sheet and (some) Evidence

I know that this is completely outside of the purview of this website. The only argument I can offer is that if and when China cools down it matters to everyone and thus, assuming that there’s no fallacy of division, … Continue reading

Posted in Economic Concepts, Uncategorized, World Affairs | Tagged , , , , , , , , , , , , | 1 Comment