Financial crisis

Central banks: uncertainty is the problem, not managing the trilemma

Regaining price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty.

The US and Swiss messes may nudge the EU towards better international bank capital standards compliance

Bank collapses show the importance of strong capital and liquidity positions and should signal to the EU the benefits of closer adherence to Basel III

Doing ‘whatever it takes’ to save the banks

Fast and furious: how digital bank runs challenge the banking-crisis rulebook

The speed of recent bank failures has shown the need for more systemic protection of the financial system.

Banking turbulence is not a reason to pause monetary tightening

Despite calls for interest rate hikes to be paused, both the ECB and Federal raised rates- which was the right decision.

The European Central Bank’s latest move tells a clear story

The European Central Bank is right not to over-react to recent banking problems.

The Silicon Valley Bank collapse: Prudential regulation lessons for Europe and the world

In the EU, there is no bank like SVB and supervision appears better than in the US, but the resolution framework remains incomplete.

Fully reimbursing SVB depositors may prove to be a bad move (via CNN)

Reimbursing all SVB and Signature Bank depositors — even if their deposits are worth millions of dollars will have long-term impacts.

The collapse of Silicon Valley Bank

A timely conversation on the Silicon Valley Bank crisis.

Economy: Inflation peaking, recession looming?

In 2023 we might see positive economic surprises in Europe: better-than-expected growth and lower-than-expected inflation.

Conditionality in the global financial architecture

The importance of being fiscally earnest

As interest rates increase over the course of the next few months, there are bound to be asset-price corrections & rethinking of investment decisions.

Learning from the European Central Bank's policy mistakes

While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.

Book notes: Monetary policy in times of crisis

Review of 'Monetary policy in times of crisis: a tale of two decades of the European Central Bank' published in the Central Banking.