Elimination of CDS as the necessary prerequisite for recovery
08.01.2009By: Svetlana Boyarchenko and Sergei LevendorskiÄ
Credit default swaps are so toxic that they have to be eliminated before any meaningful recovery can take place.
2009 Prospects – Trench Warfare
08.01.2009
By: Satyajit Das
And this is the author's outlook for 2009.
How abnormal was the stock market in October 2008?
11.11.2008
By: Paul De Grauwe, Leonardo Iania, Pablo Rovira Kaltwasser
Last month saw a stock market move with a probability of occurring only once in 73,357,946,799,753,
900,000,000 years. What does this tell us about modern finance?
The case for a conservative approach to Bretton Woods II
03.11.2008
By: By Alberto Alesina and Francesco Giavazzi
The finance industry has made serious mistakes in the past. But it has also been an engine of growth. Allowing politicians to redesign rules with a punitive spirit would be a cure worse than the disease.
 | |  |
|
20.10.2008 Calling for the Plumber
14.10.2008 No, this is not going to work
06.10.2008 De-leveraging – Fairy Tale Endings
23.09.2008 Debunking the Paulson plan
16.09.2008 Fannie, Freddie and King Canute
07.09.2008 Two scenarios for the financial crisis
Eurointelligence Briefing Notes
Is there a house price bubble in the Euro Area?
Some of the big questions facing the US at the moment is the extent of the housing recession, and the implication for the wider economy. Another issue is whether the US housing recession will spill over into the euro area. In the past, housing shocks were transmitted across the Atlantic. Will it happen again?The first thing to note is that there is a high correlation between house prices in the US and in Europe, and especially with France and Spain. In a recent analysis, Deutsche Bank producing a scoring model to identify the sensitivity of European house prices to change in US house prices, and concluded that Ireland and Spain are most vulnerable to a slowdown in US housing. They conclude that any bad news from the world economy will not be compensated by housing, as happened in 2001,...