FP on Cities

So not the normal place to find urban stuff, but Foreign Policy has an issue dedicated to cities.  They cite a list of the world’s 75 most dynamic cities.  Don’t get excited. No, we are not on it.  I suspect that measuring city size or region size every place on that list is just . . . → Read More: FP on Cities

Guide to the Eurozone crisis

How did it happen?

The worst financial crisis in the western world for nearly 80 years broke in September 2008.

It required banking/financial systems to be supported and recapitalised by governments across the EU and in the US.

In June 2009 it became apparent that the peripheral countries of the Eurozone (Greece, Portugal, Spain . . . → Read More: Guide to the Eurozone crisis

Envisioning future scenarios for India and China

Suppose we go back to 1870 and think of four interesting and promising countries.

Britain was the incumbent, the pioneer of the industrial revolution, home of Newton and Darwin, with a head start on building institutions, with sound economic policy and deep integration with a global empire.

Germany, the rising power of Europe, rapidly . . . → Read More: Envisioning future scenarios for India and China

Germany is Old Too

So, the butcher’s bill on Ireland is in and stands at 85 billion Euro jointly financed by the EU (the European Financial Stability Fund (EFSF) and the European Financial Stability Mechanism), the IMF and bilateral loans from a number of countries including Sweden, Denmark and the UK. Of course, it only worked a . . . → Read More: Germany is Old Too

Public Pension Crisis in OECD Countries

The central aim of my bachelor’s thesis is to demonstrate the unsustainability of public pension system in OECD countries in the longer run through the lens of a rigorous theoretical and empirical analysis.

The origins of contemporary public pension schemes date back to 19th century when Bismarck Germany in 1881 first adopted a universal . . . → Read More: Public Pension Crisis in OECD Countries

The Global Economy – Old Maids Who Won’t Play Anymore

The financial and economic discourse is a funny beast really; it can, if harnessed properly, shed light on future investor and market performance, it can give a diversified and detailed picture of any given economic or financial topic, and it is a place where stories, no matter how counterintuitive and misplaced, can linger . . . → Read More: The Global Economy – Old Maids Who Won’t Play Anymore

Demographics and the Anatomy of International Capital Flows

After a week where the deck of cards that make up the Eurozone got its so far largest jolt and where there is now not only an imminent danger of a total economic collapse in Greece but also, much more worryingly, signs that Germany herself are beginning to tire of a common monetary union . . . → Read More: Demographics and the Anatomy of International Capital Flows

Down to Earth in Germany?

It was hard not to sense that part of the IMF’s recent inquiry into Germany’s economy was also aimed at asking the country to eat a little bit of humble pie in the context of the ongoing difficulties facing the Eurozone. Consequently, Germany has been the poster child for the good pupil in class . . . → Read More: Down to Earth in Germany?

Poor Eurozone GDP Figures for Q4-2009

GDP releases are, by nature, lagging indicators and thus do not say a whole lot on the current momentum in the economy. Moreover, the immediate attention span when it comes to the Eurozone remains, and rightly so, focused on the situation in Greece (and Spain) and what plan exactly that is to emerge . . . → Read More: Poor Eurozone GDP Figures for Q4-2009

Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

Churchill 1942

Summary

The extent, so far, of the internal devaluation process depends on the time period used for analysis. Using Q3-2007 as the beginning . . . → Read More: Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain