Showing posts with label LTRO. Show all posts
Showing posts with label LTRO. Show all posts
Thursday, September 18, 2014

18/9/2014: Quite a disappointing TLTRO round 1

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So ECB's first tranche of TLTROs allotted at EUR82.6 billion - which is disappointing to say the least. Announcement is here:  http://w...
Sunday, May 11, 2014

11/5/2014: Super Mario: Whatever It Takes Will Now Happen in June… Likely, Like…

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This week, the ECB has sent a barrage of signals. Blanket-bombing the Forex markets, Super Mario laid it thick with the promises. Behind t...
Tuesday, February 4, 2014

4/2/2014: Good at anything? Europe's broken monetary policy engine

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Monetary policy is not a nuclear science. It is not even anatomy, for what it matters. Instead, it is more like a simple task in civil eng...
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Thursday, November 14, 2013

14/11/2013: With banks or without, things are heading for desperate in Italy...

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The banks stress tests are coming up and the Euro periphery system is quickly attempting to patch up the massive cracks in the facade. The ...
Sunday, October 28, 2012

28/10/2012: ECB and technocratic decay?

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Some interesting comments from BNP on ECB and Mr Draghi's tenure to-date. The note is linked here.  But some quotes are enlightening [...
Monday, June 25, 2012

25/6/2012: Thinking outloud: Euro Area Banks Levy

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Latest reports suggest the EU leaders are pushing for a 'banking levy' to finance common deposit insurance scheme, a banks resoluti...
Tuesday, March 27, 2012

27/3/2012: One song, two charts... oh, dear

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So long and thanks for all the fish So sad that it should come to this We tried to warn you all but oh dear You may not share our intellect...
Sunday, January 22, 2012

22/1/2012: An update to Euribor risk premium post

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On the foot of the previous post, I recomputed risk premia for 3 maturities: 12, 9 and 6 months euribor. Here's the chart: And some ...

22/1/2012: What do interbank lending rates tell us about risk valuations?

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Here is an interesting set of charts for euribor: Notice that as maturity span shortens, there is an increasingly rapid decline i...
Monday, December 26, 2011

26/12/2011: LTRO will not solve Euro banks' problem

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As the annus horribilis concludes for the terminally ill, but refused (by the ECB & EU & the respective Governments) death, Eur...