Money market on strike

By: Casper de Vries (Erasmus University Rotterdam) and Jon Danielsson (LSE)

A proposal on how to address information asymmetry.

My three point plan for the G20

By: Wolfgang Münchau

Coordinate a stimulus, pool the euro area's seats at the IMF, and start thinking about exchange rates.

This is a Test Only

Testing

The case for UK membership of the euro

There are four reasons why the UK might change its position on euro membership. These reasons are not new. What is new is that due to the financial crisis they weigh stronger than the benefits of monetary independence.

Forget about monetary policy

Interest rate cuts may be desirable, but they are ineffective in dealing with the current crisis. The only effective instrument to prevent to sustained economic downturn is fiscal policy.

The crisis that pulls Europe closer together

The financial crisis shows that the economic strategies of parts of non-euro area Europe are non viable. The result will be faster EU and euro area enlargement.

Sarkozy's coup d'etat

Events are moving in Sarkozy's favour. New banking bailouts, and a euro area wide stimulus package will have to be negotiated at euro area level.