Ein in gefälligem Stil, fast essayistisch verfasstes Werk eines britischen Publizisten und Ex-Bankers, der offensichtlich ein guter Kenner der deutschen Politik ist. Mit leichter Hand werden die Geschichte der europäischen Wirtschaftspolitik, des Euros und der divergierenden Interessen der am...

"Like a spreading disease, Europe's upheavals have transmogrified from mere upsets in the fields of twenty-first-century capitalism and economics into a larger and still more pernicious malady, infecting the continent's psyche and nervous system as well as the body. As a result, Europe faces the...

Why is the policy of no alternatives so dangerous? -- What does "crisis policy" mean and why do its consequences have a disintegrative effect? -- What are the costs of the low interest rate policy? -- How much was the debt relief for Greece really? -- To what extent do national additional money...

Where is a liability union already evident today? -- To what extent is the reconstruction fund the blueprint for a fiscal-centralist European Monetary Fund? -- Is debt relief coming? -- Are Greek "geuros" and Italian "minibots" as government money the solution? -- Why are national parallel...

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...