Likely impact of a no-deal Brexit, broken down by negative effect. 1.5 % of GDP In medium term of which half is due to negative
Salus populi suprema lex esto (Latin: "The health (welfare, good, salvation, felicity) of the people should be the supreme law”, Cicero De Legibus H/t @martinwolf_
Economic emergency: "Not since the second world war has a UK chancellor had to come to the House of Commons and announce such a large
RT @ojblanchard1: A fascinating graph, showing the dynamics of the second wave in France. Things were fine in July, but the 20-29 year ol…
"Newly developed indicator highlights that corporate sector vulnerabilities have increased to levels last seen during sov debt crisis. Financing risks have not materialised thanks to
"Even with highest debt/GDP ratio in decades, cost to UK gov of servicing that debt is lowest since WWII, and falling. So what need is
50 ships laden with Australian coal worth $500m are stranded off Chinese ports with 1000 crew on board, as tensions between the trading partners increase.
"“If you make China the enemy, China will be the enemy”. That sentence, attributed to a Chinese government official, has been splashed all over the
Choice in dealing with COVID was "suppression, or trading off deaths against the economy.” Suppression did better in every respect. Those that sacrificed lives have
Vaccine news triggered the largest 2-week inflow into stock markets worldwide, ever recorded. And the biggest sell off of gold! @BankofAmerica via @SoberLook https://t.co/DC8bjTBQnm
"Why, then, has the economic damage of such a comparatively mild pandemic been so huge?” @martinwolf_ asks Answer "because it could be.” We are rich
The shocks that shaped Putin: Inflation and depreciation of the Ruble in the 1990s are the backdrop for the project of rebuilding the Russian state
What are the financial stability risks in the US today? After March spasm, the Fed is seriously worried about maturity transformation by open-ended bond funds.
RT @thantmyintu: New study suggests alarming rise in income-based poverty in Myanmar, from 16% in Jan to 62% in Oct due to pandemic related…
RT @tblrj: @adam_tooze As far as France is concerned, the higher hspitalisation rate stems from a more preventive approach. The number of I…
Have the doves won? "Yves Mersch is preparing to take a final stand as one of ECB’s dwindling band of conservative monetary policy hawks by
As measured by current rates of Covid hospitalization, the 2nd wave of the epidemic is more than twice as bad in Italy and France than
Interesting to read this piece on ECB council member Yves Mensch by @MAmdorsky against Chartbook newsletter #4 in which I compare ECB Financial Stability Report
“There’s no time for playing politics right now. It is time to focus on our economy.” How attorney generals rallied big New York-based donors to
“Digital strike”: Chinese tech companies write off India Start-ups face huge losses as New Delhi issues fresh bans on Chinese apps following Himalaya clashes in
RT @fwred: Great news for the ECB. Plenty of additional room to extend asset purchases, including the APP. twitter.com/DeItaone/statu…
RT @OBR_UK: Debt has risen above 100% of GDP for first time since 1960-61, but the cost of servicing that debt falls to new historic
Buried in @IMFNews GFSR is a remarkable global bank stress testing exercise, which yields some alarming results. Check out the NEW Chartbook Newsletter #4 adamtooze.substack.com/p/chartbook-ne…
Eurogroup Finance ministers need to overcome longstanding concerns from northern hawks about reforming the ESM to be able to make progress on banking union which
Talking to @ewaldeng was an absolute pleasure. Truly grateful to have the chance to reflect with him on the trajectory of the last few decades.
Released within weeks of each other, the Fed’s Financial Stability Report and the ECB Review are very different beasts! A comparison in the NEW chartbook
How stable is the financial system? Chartbook Newsletter #4 compares the Fed, ECB and IMF Financial Stability Reports. adamtooze.substack.com/p/chartbook-ne… To get the newsletter regularly in
NEW: Chartbook Newsletter #4 "Financial Stability Three Ways" Just dropped. A first look at the recent reports by Fed, ECB and IMF. To get the
How caon journalists report on the current crisis? How do you penetrate to the highest ranks of major global institutions such as the IMF, the
Released within weeks of each other, the Fed’s Financial Stability Report and the ECB Review are very different beasts! A comparison in the NEW chartbook
How stable is the financial system? Chartbook Newsletter #4 compares the Fed, ECB and IMF Financial Stability Reports. adamtooze.substack.com/p/chartbook-ne… To get the newsletter regularly in
ECB's Financial Stability Review just dropped today. In the NEW Chartbook Newsletter #4, I compare it to Fed’s Financial Stability Report of earlier this month
NEW: Chartbook Newsletter #4 "Financial Stability Three Ways" Just dropped. A first look at the recent reports by Fed, ECB and IMF. To get the
Europeans banks have suffered a painful shock in 2020: rate of return on equity has fallen from 5 to 2% driven largely by margin compression.
How stable is the financial system?
At least twice a year, the world’s central banks and international financial institutions like the IMF and the Financial Stability Board set themselves to answering this question. A typical rhythm is to publish two reports a year, one in the spring and one in the autumn. National central banks cover their respective territories. The IMF and the Financial Stability Report take a global view. In the last few weeks, we have had the reports from the IMF, the Fed and the ECB. The Bank of England does a very interesting report. So too does the Bank of Japan.
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