Showing posts with label OMT. Show all posts
Showing posts with label OMT. Show all posts
Tuesday, June 16, 2015

16/6/15: Sinn on ECJ's OMT Ruling

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Hans Werner Sinn on ECJ ruling concerning OMT: Not always to agree with, but he's got a point there... Which makes for an interes...
Friday, June 5, 2015

5/6/15: The Fiat of OMT: (almost) three years on...

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Remember all the bull about the 'unique' efforts, the 'best in class', the 'prudent policies' that got our bond yi...
Wednesday, January 14, 2015

14/1/2015: ECJ Advocate on OMT: We Allow Fudge

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Big news today is old news of yesterday: We can now expect the European Court of Justice to give green light to the ECB's Outright M...
Thursday, June 5, 2014

5/6/2014: Why ECB might have found a cure that strengthens the disease

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Today's announcement by the ECB Governing Council that the Bank will be charging a premium to hold private banks' deposits has the...
Thursday, May 22, 2014

22/5/2014: Paging Super Mario: Cleanup in the German Isle

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Remember the OMT - the ballistic missile Super Mario fired in the direction of the markets to calm the hell out of them and dramatically l...
1 comment:
Friday, March 7, 2014

07/03/2014: To sterilise or not to sterilise... ECBs (possible) next dilemma

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Yesterday, I was asked by a journalist a question about the possible effects of ECB non-sterilising SMP operations.  The question w...
Tuesday, October 8, 2013

8/10/2013: German Voters Go For Status Quo... Redux: Sunday Times September 29, 2013

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This is an unedited version of my Sunday Times column from September 29, 2013. By any measure, last Sunday's German elections highl...
2 comments:
Thursday, August 22, 2013

22/8/2013: Slow Moving Sovereign Debt Crises: a new MIT Paper

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Guido Lorenzoni and Ivan Werning (LW, 2013) new paper "Slow Moving Debt Crises" (June 30, 2013, MIT Department of Economics Worki...
Monday, October 29, 2012

29/10/2012: More on CDS markets woes

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Few days ago I mentioned I stopped watching CDS on a daily basis... and here is more on the same: link . Well done, Europe. Nothing lik...
Sunday, October 28, 2012

28/10/2012: BNP note on Spanish Bonds risks

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A neat summery from BNP on (1) current bond ratings, and (2) links between ratings and eligibility for inclusion in bond indices: ...

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 [...
Thursday, September 13, 2012

13/9/2012: Buying more time for the Euro

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My recent analysis of the ECB announcement of the OMT in The Globe & Mail
Thursday, September 6, 2012

6/9/2012: ECB's OMT: Negatives slightly outweigh Positives

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Here's the distilled version of what ECB did and did not do today. A usual caveat applies - the markets can agree or disagree with thi...