On “Doom-Loops”, Insufficient Capital, Camels, and Utilitarianism: Market Suasion or Delusion?
EXCLUSIVE: Mario Draghi trains to run with the Euro
by Dr. John E. Charalambakis (October 24, 2013)
In a interview on CNBC Mario Draghi (the head of the European Central Bank, ECB) told us yesterday that he is concerned about capital insufficiencies, balance sheet holes, and backstops related to the EU banks. He added that there is a need to “dispel the fog” regarding eurozone banks’ balance sheets, while he added that somehow the “doom-loop” between banks and their sovereigns (where eventually the banks finance their sovereigns’ deficits) need to break. For a moment I thought …
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Do you like the article?
We are glad you do! Please consider donating if you want to read more articles like this one.
Warning: Undefined array key "visual_appearance" in /austriancenter.com/subdomains/www/html/wp-content/plugins/give/src/Views/Form/Templates/Classic/Classic.php on line 203
Comment
|
October 25th, 2013
On “Doom-Loops”, Insufficient Capital, Camels, and Utilitarianism: Market Suasion or Delusion?
EXCLUSIVE: Mario Draghi trains to run with the Euro
by Dr. John E. Charalambakis (October 24, 2013)
In a interview on CNBC Mario Draghi (the head of the European Central Bank, ECB) told us yesterday that he is concerned about capital insufficiencies, balance sheet holes, and backstops related to the EU banks. He added that there is a need to “dispel the fog” regarding eurozone banks’ balance sheets, while he added that somehow the “doom-loop” between banks and their sovereigns (where eventually the banks finance their sovereigns’ deficits) need to break. For a moment I thought …
Continue reading …
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Do you like the article?
We are glad you do! Please consider donating if you want to read more articles like this one.
Warning: Undefined array key "visual_appearance" in /austriancenter.com/subdomains/www/html/wp-content/plugins/give/src/Views/Form/Templates/Classic/Classic.php on line 203
Related
Comment
The ECB Fears Deflation, But You Should Not
February 9th, 2015
Comment
The Genealogy of the Austrian School of Economics
June 14th, 2018
Comment
“The President and his Higher-Ed Plan”
August 30th, 2013
Comment
Big Government and the Problem of Overfishing
July 19th, 2021
Comment
A Trifecta of Scandals – What, Me Worry?
May 21st, 2013
Sendinblue Newsletter