Tag Archives: GDP

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

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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

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Weekly Bond Yield developments in the Euro Area (W10.2012): GDP data, ECB rates & Greek Debt Swap

Sovereign debt market developments last week were marked by one main event, the debt Greek debt swap that took place on Friday, March 9. After the hair cuts to Greek debt agreed last week with the IIF, followed by the … Continue reading

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