Monthly Archives: September 2012
It seems like more of the same, but it is not
Dear students, if you missed it, the past week was an exciting one in the EU and this week may also prove to be one. To stay updated on what’s happening, have a look at these links: The World Bank briefly explains the ECB’s Monetary Outright Transactions programme. The Economist weighs in with their opinion […]
Same crisis, different bucket
The Asian crisis of 1997 can in some regard be seen as an analogous integration of the current Euro crisis and the financial crisis of late 2008. From 1970 up until the late 90’s, new diversification opportunities and the promise of a high rate of return saw a high influx of foreign direct investments within […]
Choosing the lesser of two evils – for dummies
With a multitude of economic issues circling the globe – the Euro crisis, China’s economic slowdown, and the imminent systemic banking crisis – one of the main focus points on the US presidential election is how these issues will affect not only the US economy, but the global economy as well, since America is one of the […]
Meanwhile, back at the ranch
Ladies and gentlemen, we have covered the events in Europe and policy in the US and while it feels like the course is moving swiftly along, things are happening out there and you need to stay up to date: The World Bank explains what is happening in financial markets. Mario Draghi makes an official announcement […]
WNF Chapter 6
In Chapter 6, Acemoglu and Robinson focus on the historical development of institutions and explain how they evolved in different ways. Through detailed description of history of Rome and Venice, they show that small institutional differences can play an important role during critical juctures and moves towards inclusive institutions can be reversed. Historical factors shape […]
ECON621 International Monetary Relations 