Tag Archives: financial system

EMU Break-up: Pay Now, Pay Later

ING’s economics and strategy team has updated its report quantifying the impact of a possible fracture of Europe’s monetary union. emubreakup 011211The revised estimates suggest an even bigger blow to the region’s output: in a complete break-up the loss could … Continue reading

Posted in EMU, Macro, Macroeconomics | Tagged , , , , , , , , , | 1 Comment

The New Financial World

The financial crisis is a major analytical challenge that will keep economists occupied for years to come. In a report published in 2008, I looked forward to the future shape of the financial world. Here’s a short summary: The new … Continue reading

Posted in Macroeconomics | Tagged , , , , , , , , | 2 Comments