Until recently Poland, the Czech Republic and Slovakia were seen as the countries with the best governing standards, the most solid banking systems, the most open to foreign investors and with generally predictable politics....
The Hungarian government approached the Swiss government with a request for information concerning Hungarian citizens’ bank accounts in Switzerland. Budapest would like to have a bilateral agreement granting it access to all...
O konsekwencjach zadłużenia cyklicznego i strukturalnego pisze Edward Chancellor. I porównuje finanse publiczne wielu państw do piramidy finansowej według wzoru Ponzi (ci którzy wykorzystywali ten system, jak Bernard...
Despite the fact that Greece has already implemented radical austerity measures and despite the €45 billion secured from the EU and the IMF, the bond markets have continued to decent into insanity. The current 10-year yield...
1995 Steve Keen concludes his JPKE paper “Finance and economic breakdown: modelling Minsky’s ’financial instability hypothesis’” as follows: There are, however, severe doubts as to whether the kind of government that...
News are now dominated (at least in America) by the upcoming House vote on Obamacare. With Republicans united against it, passage depends on how many moderate or anti-abortion (a key controversy is whether Obamacare will mean...
Two aspects of the ongoing „recovery” from the „Great Recession” are surfacing widely in the press and other public fora and casting doubt on the ongoing process. One is the increasing questioning of...
Since everyone else is throwing in their two cents about 1) whether Ben Bernanke should be reappointed to a second term as Federal Reserve chairman; 2) what moves the FOMC will (or should) make next; and, 3) the...
Kiedy większość z Państwa po raz pierwszy słyszała tajemnicze określenie CDO, ja już od kilku lat tworzyłem modele ich wyceny. Kiedy rynek CDO z dnia na dzień zanikł (obroty skurczyły się tysiąckrotnie!), czułem...