Showing posts with label Bundesbank. Show all posts
Showing posts with label Bundesbank. Show all posts
Tuesday, September 25, 2012
Is the Bundesbank living in the past?
Wolfgang Münchau (FT) is right (See FT's "Draghi is devil in Weidmann’s euro drama"). While the ECB is evolving into a Fed, the Bundesbank lives in the past. Hence it is not Europe that has to "speak" German as CDU's Kauder said a year ago, but the German policy/econ elite that must start "speaking" American!
Thursday, July 7, 2011
What does one get when one tries to balance Bundesbank logic and Logic?
That's what one gets when one tries to balance Bundesbank logic and Logic:
Today's ECB decisions! See my previous post
Today's ECB decisions! See my previous post
Friday, May 20, 2011
That anti-inflation obsession: from Bundesbank to the ECB and now to the IMF?
Would the appointment of a former Bundesbank governor at the head of the IMF "export" Bundesbank's anti-inflation "obsession" philosophy to the IMF too (after the ECB)?
For context, see my April 7, 2011 "Eurozone: That 2% obsession" post
Let us keep in mind that in effect the IMF lends money to economies in trouble but in return for those loans dictates the socio-economic policies of the recipient country. Thus the IMF is not a mere "fund" or even a mere "bank". In return for loans, it almost runs a country's economic governance (that is why DSK will be missed and why IMO Christine Lagarde, France's Minister of Finance and and ex-businessperson, is the best candidate for the job).
It is not a good time to export dogmatic Economic thinking to the IMF.
For context, see my April 7, 2011 "Eurozone: That 2% obsession" post
Let us keep in mind that in effect the IMF lends money to economies in trouble but in return for those loans dictates the socio-economic policies of the recipient country. Thus the IMF is not a mere "fund" or even a mere "bank". In return for loans, it almost runs a country's economic governance (that is why DSK will be missed and why IMO Christine Lagarde, France's Minister of Finance and and ex-businessperson, is the best candidate for the job).
It is not a good time to export dogmatic Economic thinking to the IMF.
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