Blog Archives

Banking in the EU

“The ratio of non-performing loans (NPL) was 5.5%, 10bps below Q1 2016. Notwithstanding the improvement, credit quality and the level of legacy assets remain a concern.” writes the European Banking Authority (EBA) in its risk dashboard update of September 30. The idea that central banks trying to rescue the world

Read More…

Share Button
Posted in Economics
Tags: ,

Hilarious: CERN Discovers New Particle

Excellent hilarious and ironic read by Steve Keen on Y. Varoufakis’s website CERN Discovers New Particle Called The FERIR.

Share Button
Posted in Economics
Tags: ,

ECB’s Financial Stability Review: last call

The ECB’s recent last call to public finance austerity and reform rigor has been relayed by its last Financial Stability Review update on November 27. Though admittedly austerity has been and still is a short-term recessive drag on the mostly stressed peripheral euro economies, it remains an important factor to be

Read More…

Share Button
Posted in Economics
Tags: , , , , , ,

Liquidity: where has it all gone?

As part of our cycle on “Liquidity” and as an appetizer, I’d like to show how interesting dates are when it comes to estimating money market liquidity risk-on/risk-off bouts using the ECB “liquidity risk indicator” (LRI, see plot below): the last ‘changepoint’ in the LRI is at the end of

Read More…

Share Button
Posted in Economics
Tags: , ,

The Financial Crisis: 5 years on and the ECB systemic risk indicator

The financial crisis 5 years on: the systemic risk indicator by the ECB and its “changepoint”.

Share Button
Posted in Economics
Tags: , , , ,