February 17, 2008

A Fistful Of Euros

Bad Parallels

by Alex Harrowell

John Quiggin writes about the banking crisis:
Suppose Bank A owes a trillion dollars to bank B which in turn owes a trillion to C which in turn owes a trillion to D which owes a trillion to A. Now suppose that A gets into liquidity trouble and can’t pay. Then B is similarly in trouble [...]

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January 22, 2007

Economics and demography

Serbia: That Incredible Shrinking Country

by Edward Hugh

This weekend’s election results in Serbia, and in particular the gridlock state of the political process and the resilience of the vote for the nationalist Serbian Radical Party (as ably explained by Doug in the previous post), pose new, and arguably reasonably urgent questions for all those who are concerned about the future of those [...]

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