Topic: International

The First International Financial Crisis: Free Banking Failure or Regulatory Failure?

– December 2, 2011

The Baring Crisis of 1890 is pointed out as the first modern international emerging financial crisis. The collapse of the banking system in Argentina came very close to triggering a financial crisis in London, the major international financial center. …

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Financial Crisis in Europe and Regime Uncertainty

– November 28, 2011

In recent days, Europe has seen two governments fall: the Prime Ministers from Greece and Italy. New governments where formed. Besides these important changes, the financial markets did not calm down; volatility and uncertainty did not go away as forme …

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Europe and the Euro: Attacking the Problem or Dealing with the Symptoms?

– November 20, 2011

The recent political events in Europe, especially the situation in Greece and in Italy, brought new concerns about the situation in Europe and the future of the Euro. If countries do not honor their debts, how hard will their economy be hit? What happe …

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It is that easy to cook up new money?

– November 17, 2011

The financial, and fiscal, crisis in Europe has brought doubt to the future of the Euro. Can it persist, or are we witnessing the end of the Euro? But, if the Euro is to be abandoned, how will the transition play out? In this respect, a latest post in …

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Why We Can’t Escape the Eurocrisis

– November 2, 2011

EU and U.S. debt are interlinked through the banking system.

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Government vs. The Economy

– October 17, 2011

Score Update: Government beating economy 21-3 late in 4th quarter… I hate to use sports metaphors when talking about the economy because, while the two realms share some basic themes (like competition), their outcomes are radically different. For insta …

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Notes on the Euro Crisis; or, Crisis of the Euro Notes

– October 13, 2011

The Euro is Dead. Long Live the Euro To ensure the European sovereign debt crisis doesn’t go to waste, the markets have kept policy makers and bankers on their toes. The naysayers of a European turnaround have become so overwhelming that it is stunning …

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China: America’s Financial Colony or Mercantilist Predator?

– August 29, 2011

China: America’s Financial Colony or Mercantilist Predator?, by Lewis E. Lehrman The article was originally posted here. The author argues the U.S. has a colonial-like power over China because of the latter’s dependence on dollar-denominated financial …

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Ignoble Nobel: Krugman explicitly advocating inflation

– August 12, 2011

Today in the New York Times Paul Krugman calls for “an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems.”   The destruction of the US monetary order …

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Germany and the Financial Crisis

– July 21, 2011

Lately, a lot has been said about Greece, Spain and Italy in the financial crisis affecting Europe. The fear is that these economies can affect the performance of bigger economies, like Germany, one of the largest economies in the world and the second …

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Return of the Gold Standard as World Order Unravels

– July 18, 2011

Article and photo originally found at The Telegraph, July 18, 2011, Ambrose Evans-Pritchard As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. …

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Budget Reform in Italy

– July 14, 2011

Italy’s senate approved today a plan to cut government spending for the period 2011-2014. Italy’s public debt is more than 100% of GDP and the fiscal deficit was between 3% to 5.9% of GDP for last year. Similar situation is shared by other European cou …

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