Category Archives: ft.com/alphaville

Paul Krugman: The Triumph of Peter Kenen, The Revenge of Robert Mundell


In America, it’s sad when your friends move away; in Europe, it may be a tragedy. Back in the 1960s, a new concept emerged in international macroeconomics: optimum currency area theory. The question it sought to answer was, when should … Continue reading

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Wolfgang Münchau: The case for a grand coalition in Italy


  There was a symbolic moment in the Italian elections when I knew that the game was up for Mario Monti, the defeated prime minister. It was when in the middle of the campaign – in the midst of an … Continue reading

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Wolfgang Munchau: Austerity obstructs real economic reform


  In or out of exactly what, one may ask? What, exactly, is reform? Growing up in Germany in the 1960s and 1970s, I recall Willy Brandt, West Germany’s chancellor during some of those years, talking endlessly about reforms. For … Continue reading

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Further reading | FT Alphaville


  Elsewhere on Friday, – I wealth a value? – Gone are the days of the two and twenty. – Trolls are winning. – Gaming the college exam system. – Monetary easing, not a zero (or negative) sum game. – … Continue reading

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Further reading | FT Alphaville


  Elsewhere on Thursday, – Root causes of currency wars. – David Graeber: Debt is bad, or something…? – Beyond hydraulic policy. – Underwater and drowning? – Follow the quants to the next financial bubble. – Some persnickety follow-ups on … Continue reading

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Valentine’s day GDP massacre | FT Alphaville


  GDP fell by 0.6% in the euro area1 (EA17) and by 0.5% in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European … Continue reading

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The 6am Cut London | FT Alphaville


  Obama’s State of the Union speech highlights:– Laid down a challenge to Congress, warning he’d use executive powers on issues from climate change to manufacturing. (Reuters)– Announced talks for a US-EU bilateral trade deal, in a long awaited decision … Continue reading

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Further reading | FT Alphaville


  Elsewhere on Monday, – Um, Japan… what actually happened? – Putin the goldbug. – It’s the NGLs, stupid. – Fiscal austerity is happening, now. – The black market for dollars in Egypt. – The biggest mistake ever made in … Continue reading

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Weekender | FT Alphaville


  This week on FT Alphaville, – Draghi’s comments and the EUR fall provided a Rorschach test for the markets. – We explained the importance of Ireland’s debt restructuring. – The latest entry in the stupid Libor emails category came … Continue reading

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The 6am Cut London | FT Alphaville


  Bail-in proposed for Cyprus: “A radical new option for the financial rescue of Cyprus would force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds, according to a confidential memorandum prepared ahead … Continue reading

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