Bad that such speeches are hardly covered by media.
Jörg Asmussen of ECB explains the challenges faced by Eurozone policymakers.
He begins quoting Paul Samuelson that central banking is the third greatest invention of mankind:
Archive for July 10th, 2012
Challenges of communicating in Eurozone…
July 10, 2012Do advanced economies have an edge in resolving financial crises?
July 10, 2012The answer is no. Surprising isn’t it?
In this paper Luc Laeven and Fabien Valencia compare the crisis management of both advance and emerging/developing economies. They show emerging economies have a better track record than their developed counterparts when it comes to crisis management.
They have a post in voxeu as well summarising the paper. I gave the paper a miss for its unattractive title (Systemic Banking Crises Database: An Update) but now looks like a must read.
Economic History Matters….
July 10, 2012I have written many posts on this issue. But somehow it is never enough.
Nicholas Crafts of LSE writes a super short paper on the topic:
