| Bigger euro bailout fund needed to create space to boost growth, OECD says |
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Weak financial conditions, fiscal consolidation and economic adjustment are restricting demand in the short-term before the long-term benefits on stability and growth are felt. Decisive action to restore confidence and support demand is needed now. |
| Progressive Credit Risk Management (CRM) Improving The Cost and Availability Of Corporate Credit |
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a new paper from David McKibbin |
| Make your own bank stress test |
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Make your own bank stress test |
| LTRO: Criminal Political Behaviour by Merkozy with Van Rompuy as the Marionette |
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LTRO will fail, mark my words and we will be back in another crisis this year when the LTRO bubble unwinds, if I can see it, then they can see it, they are playing games, re-arranging deck-chairs, they live in a solipsistic private language and to hang with the rest of us! |
| THAT ARMAGEDDON SUMMER OF 2010 Lessons for LTRO2 in 2012 |
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Stress Tests are fundamental (at both the MACRO and MICRO level). Given that Basel-Pillar 2 is the macro prudential interlock point between the authorities and the transmission mechanism; Stress Tests have to be conducted properly since their results are fundamental to the efficacy of any monetary policy and the welfare of citizens. |
| White Papers on Software Architecture for Financial Services by asymptotix |
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1. A Solution Architecture for Economic Capital Quantitative Analytics 2. Credit Economic Capital 3. A Differential Diagnosis 4. Inside the Volatility Zone 5. An Information Framework 6. Risk Management and Financial Predictive Analytics (FPA) 7. Solution Architecture Development 8. Risk Management and Financial Predictive Analytics 9. FPA (CONCLUSION) |
| Warren Buffet is Misrepresenting the Logic of Gold Investment by Peter Trzaska |
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When one takes the time to acquaint oneself with the facts about the operation of the gold markets, and the two very different beasts, paper gold and Physical Gold, it becomes an exercise in stifling the most enormous laughter to read Buffet's assertions! |
| The Political Economy of LTRO |
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An asymptotix approximation by J A Morrison / " This is not a liquidity trap; in the political context it’s a confidence vacuum! " |
| The Gold Market De and Re Constructed a radical forward look by Peter Trzaska |
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OR How Oil is about to show the world the TRUE value of Physical Gold. The political nexus into which the dollar and gold are co-dependently enforced. A radical view focussed on recent sanctions on The Islamic republic of Iran. For the west in more ways than one; we are heading on a continuum of revisionism towards a very new normal and it doesn’t look good. |
| Modelling the Product Hierarchy for Financial Services |
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I have promoted this set of Linx from a comment to our blog post "The New Banking Transparency ..."; (link below), [I never thought it really fitted there] to a wee blog post, all on its own, so that I can tag it with relevant tags ... isn't that so sad; anyway its a useful set of links on this topic if you are sufficiently nerdy to be interested .... |
| SAS linx as REFERENCES asymptotix |
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I wanted to take another look at SAS; I needed to understand a SAS landscape for my own specific special interests, I needed some references which would draw that map for me; (there really is a lot of SAS stuff out there which is completely irrelevant to me). I needed a reference set particularly in relation to my focus of interest; econometrics and risk capital; it is presented below. |
| STATEMENT OF THE MEMBERS OF THE EUROPEAN COUNCIL 30 JANUARY 2012 |
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Over recent months, there have been tentative signs of economic stabilisation but financial market tensions continue to dampen economic activity and uncertainty remains high. Governments are undertaking strong efforts to correct budgetary imbalances on a sustainable basis but further efforts are needed to promote growth and employment. There are no quick fixes. |
| Copula Dependence Structure on Stock Market with Application to Risk |
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Traditionally, dependency between stock returns has been expressed by linear correlation and been measured whether they follow the same trend of movement under the assumption of joint elliptical distribution. However, this method cannot fully describe the dependencies between two stock returns, such as lower tail, upper tail or center dependency. |
| Bayesian Methods in Portfolio Credit Risk Management |
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This thesis addresses the challenge of dependence modelling in portfolio credit risk management, and provides a first application of Markov chain Monte Carlo (MCMC) methods for statistical inference in this field. |
| Basel III liquidity standard and strategy for assessing implementation of standards |
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The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 8 January 2012. The main items of discussion were the Basel Committee's proposals on the Liquidity Coverage Ratio (LCR) and its strategy for assessing implementation of the Basel regulatory framework more broadly. |
| European Disunion indecision 2011 |
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At a closed-door meeting in Washington on April 14, Europe's effort to contain its debt crisis began to unravel. |
| 9 December 3 AM: Statement by euro area heads of state or government |
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action in two directions: - a new fiscal compact and strengthened economic policy coordination; - the development of our stabilisation tools to face short term challenges. |
| European Commission Green Paper on the feasibility of introducing Stability Bonds - Official Version |
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This Green Paper released today (23 Nov 2011) assesses the feasibility of common issuance of sovereign bonds among the Member States of the euro area. |
| Will Merkel Change Her Tune on Stability Bonds? |
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Brussels on Tuesday (the day before they will announce their proposal for a Stability Bond) intensified pressure on Berlin to consider a new proposal for the implementation of euro bonds, but resistance from Merkel's center-right coalition remains fierce. |
| Niall Ferguson on United States of Europe 2021 |
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Welcome to Europe, 2021. Ten years have elapsed since the great crisis of 2010-11, which claimed the scalps of no fewer than 10 governments, including Spain and France. Some things have stayed the same, but a lot has changed. |
| What price the new democracy? Goldman Sachs conquers Europe |
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While ordinary people fret about austerity and jobs, the eurozone's corridors of power have been undergoing a remarkable transformation |
| Cutting Eurostat to Pieces |
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...Then there was the question of Greek entry into the EURO. While Greek data was being checked in Luxembourg this writer asked one or two dozen of his colleagues whether they thought that Greece was as ready for monetary union with Germany in reality as in the data submitted. The replies ran from smiles to chuckles and the odd belly laugh. |
| Flash estimate for the third quarter of 2011: Euro area and EU27 GDP up by 0.2% |
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GDP increased by 0.2% in both the euro area (EA17) and the EU27 during the third quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. |
| US Bank exposure to PIIGS |
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Five US banks have released some data of their exposure to PIIGS. |
| Economist: Europe's deepening crisis |
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The interactive graphic (updated November 10th 2011) illustrates the depth of the problems that the European economy faces. The euro-zone crisis reached a critical stage when Italy joined the seven per-cent club, the group of euro-zone countries whose borrowing costs (as measured by ten-year bond yields) have gone above 7% and stayed there. |
| Autumn forecast 2011-13: Growth at a standstill |
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The recovery of the EU economy has stopped. Sharply deteriorated confidence is affecting investment and consumption, weakening global growth is holding back exports, and urgent fiscal consolidation is weighing on domestic demand. GDP in the EU is now projected to stagnate until well into 2012. Growth for the whole of 2012 is forecast at about ½%. |
| ECB Overnight Deposits 2011 (statistics) |
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Lenders increased overnight deposits at the European Central Bank to the highest level in more than 16 months. Banks parked 299 billion euros ($412 billion) with the Frankfurt-based ECB yesterday, up from 288 billion euros on Nov. 4. That’s the most since June 30, 2010, and compares with a year-to-date average of 71 billion euros. |
| The big fat Greek Drahma |
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Act 1: A crafty move. Act 2: Everything falls apart. Act 3: Personal resolution |
| EZ politix is not a Western movie |
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an essay for the Cannes G20 - is the Greek referendum not real democracy? Is it not a referendum on Brussels ? weakness and stupidity at the apex in Brussels is what is embarrassing all of us as European citizens, Merkel put the idiots in charge in Brussels now she is scapegoating Greece for her own mistakes - |
| Windows Server 8 |
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Microsoft has not announced a ship date for Windows Server 8, although roadmap documents released some time ago pegged it for 2012 (earning it the nickname of Windows Server 2012). A developer's preview of Windows Server 8, including Hyper-V, was made available during Microsoft's BUILD conference in Anaheim, Calif., in September. |
ddblock - News item slideshow
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