Previously on
MoreLiver’s:
KEVA
/ Merja Ailus / Keskusta special (updated)
EUROPE
Brussels blog round
up 16 – 22 November – Europp
/ LSE
Europe’s Roma population, EU laws on vacuum cleaners, and can the Dutch
lead Europe’s reform efforts?
The New European
Framework for Managing Bank Crises – CEPS
Description and discussion of the proposals for a European Single Resolution Mechanism (SRM) for banks and for a Directive on Bank Recovery and Resolution (BRR).
Description and discussion of the proposals for a European Single Resolution Mechanism (SRM) for banks and for a Directive on Bank Recovery and Resolution (BRR).
Macro imbalances and
culture – voxeu.org
Since the advent of the Eurozone sovereign-debt crisis, economic
commentators have drawn attention to macroeconomic imbalances within the
Eurozone. This column presents evidence on the link between macroeconomic
imbalances and differences in culture – or more specifically, interpersonal
trust. A conservative estimatation suggests that a one standard-deviation
increase in trust reduces macroeconomic imbalances by about a quarter of a
standard deviation. Moreover, differences in interpersonal trust can explain a
fifth of the variation in intra-Eurozone imbalances.
Spain and Italy get
leeway on budget targets – euobserver
The meeting of eurozone finance ministers in Brussels on Friday (22
November) was the first of its kind, seeing ministers pore over the detail of
each others' annual spending plans under the bloc's new economic governance rules.
Great Graphic: EONIA
Being Squeezed Higher, Likely Seasonal Noise – Marc
to Market
Euro zone mulls cheap
loans as incentive for economic reforms –document – Reuters
Cheap Loans Proposed
for Euro-Zone Governments – WSJ
Euro zone states are considering cheap loans to member governments as an
incentive to carry out painful economic reforms, an EU document showed,
introducing a discussion on fiscal transfers.
Jörg Asmussen: Europe
2014 - an outlook from the ECB – BIS
German finance
minister says no more risks of contagion in euro zone – Reuters
German Finance Minister Wolfgang Schaeuble said on Saturday that there
were no longer any risks of contagion in the euro zone, and Greek Prime
Minister Antonis Samaras stressed his country did not need a further bailout.
UNITED STATES
In Fed Policy, the
Exit Music May Be Hard to Hear – NYT
Post-monetarist Fed
is sleepwalking into a trap (technical) – The
Telegraph
OTHER
Shadow Banking and
Systemic Risk Regulation – FED
Fed Governor Daniel K. Tarullo at the Americans for Financial Reform and
Economic Policy Institute Conference, Washington, D.C.
Can non-interest rate
policies stabilise housing markets? – BIS
(Dec 2012) The
strange world of negative interest rates – Pieria
Resources for
Quantitative Trading – Mathtrading
Money for Nothing:
The Negatives of a Negative Income Tax – Noahpinion
When are markets
“rational”? – Michael
Pettis
Stock Market Only
Game In Town... For Now! – Short
Side of the Long
OFF-TOPIC
Empty Suits – Farnam Street
The Evolution of
Bitchiness – The
Atlantic
Women engage in indirect aggression and slut-shaming, even in clinical
research studies. Why?
The World's Most
Powerful Computer Network Is Being Wasted on Bitcoin – Gizmodo
Auto Correct: Has
the self-driving car at last arrived? – The
New Yorker
The Hidden
Technology That Makes Twitter Huge – Businessweek
FINNISH
Miksi Irlanti ei käytä EVM-pelastusrengasta – Tyhmyri
Koska Irlanti
ei halua luovuttaa loppuakin itsenäisyyttään Berliiniin
IMF:n ex-apulaisjohtaja: tukipaketit olivat
vikatikki – Henri
Myllyniemi / PS
Hyvä inflaatio, hyvä disinflaatio, paha
inflaatio, paha disinflaatio – Tyhmyri
Kannattaa
miettiä mistä ilmiö johtuu eikä tuijottaa prosentteja
Hallitus otti lekan
käyttöön jättimäisissä miljardisäästöissä – TE
Itämeressä tikittää natsipommi -
Liittoutuneet virittivät sen – TE
Hesarin Virkkunen johti
kärsivällisyydellä Nooan arkkiaan – Verkkouutiset
Nyt kypsyi EU:n lähipiiri: Ei liittovaltiota
hivuttamalla – Jan
Hurri / TalSa
Euromaiden
liittovaltio ei onnistu kriisitoimien varjossa hivuttamalla eikä muutenkaan
ennen kuin kansa sellaisen haluaa. Siihen asti valta on paras palauttaa
jäsenmaihin eikä valuttaa vaivihkaa Brysseliin niin kuin nyt tapahtuu. Taasko
tätä "eurokriittisten voimien" valitusta? Ei, vaan nyt vaatimus tulee
yllättäen EU:n lähipiiristä.
RAY uhkasi katkaista Mielenterveyden
keskusliiton avustukset
– ESS
Vasemmiston valinta – Saloniemi
Kansalaispalkka ja sosiaaliturva – Tyhmyri
Kannatan
kansalaispalkkaa jos se on samalla kovaa vastikkeellista sosiaaliturvaa
Ukraina ei halunnut sopimusta EU:n kanssa – Tyhmyri
Onko EU enää
houkutteleva vaihtoehto?