Topic: Bank for International Settlements

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European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.

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Sweden cash-free? It's getting there.

Sweden cash-free moves include public buses, a few stores, and even some bank offices that don't handle cash anymore. But it could take 20 years before consumers see a Sweden cash-free.
The Circle Bastiat
Why do European central bankers sound like Austrian economists?

After attending a European Central Bank workshop on global liquidity, the author learned that European monetary economists sound surprisingly like Austrian economists. 
The Daily Reckoning
What happens when countries can't borrow money?

Industrialized nations will borrow $10 milllion next year. So much debt turnover makes world markets extremely vulnerable to things like inflation, especially when lenders balk.
For US and global economies, debt is a four-letter word

It's hard to conclude anything else: Debt – owed by households, governments, and banks – lies at the heart of the economy's troubles. Even after two years of recovery, debt remains a big drag.
Robert Reich
Behind Europe's debt crisis lurks another Wall Street bailout

A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
Gordon Brown: Germany must drop blame game and save the euro

Germany has blamed others for the global financial crisis, but German loans funded much of the reckless spending. It must now agree to a common mechanism for Europe to pay its way out of crises. Refusing this responsibility endangers Germany and the entire euro project.
Crisis over? Yes but it could return, global banking body warns

The world clawed its way off a financial precipice two years ago, says a new report, but major nations still have to do some important work to put the global economy on a sound footing.
The Daily Reckoning
Japan was a 'zombie state,' even before the earthquake

The country has been living beyond its means for years, leaving future generations to pay
The Adam Smith Institute Blog
Should Britain pay for a Portuguese bailout?

Portugal's economy has collapsed, and it looks like the country will be bailed out by the European Union
The Daily Reckoning
Will France be the next euro nation to fail?

France's recovery is lagging far behind Germany and Britain.
The Reformed Broker
Mauldin: US banks have plenty of euro exposure

Remember all that stuff about getting our deposit banking institutions out of the opaque derivatives trading business and back to, oh I don't know, banking?
Naoto Kan government intervenes in currency market to weaken yen

Naoto Kan stamped his authority on government policy, making the yen less of a one-way bet — even if the effects of intervention prove to be short-lived.
Donald Marron
Home prices: Boom less likely in a baby bust

Home prices will have a harder time rising as population growth slows, a new study finds.
Senate passes financial reform. Will it help the economy?

President Obama is set to sign the financial reform bill into law soon, but critics worry it will stifle the flow of credit that is key to economic recovery.
Plunging Dow, consumer confidence: signs of 'double dip' recession?

Investors worldwide have grown more cautious about the outlook for the economy and corporate profits.
The New Economy
With US debt, two clocks are ticking

The US debt clock reached $13 trillion this week. America's demographic clock will make it harder to pare it back.
The Daily Reckoning
If the economy is recovering, why is gold still rallying?

Gold is what investors buy when they suspect that financial policymakers are making mistakes. If we're on the road to recovery, why do they continue to buy gold?
A biblical lesson for today's bankers

Just as Joseph stored food ahead of a drought, banks should build capital for lean times.
U.S. financial crisis spreads toward your wallet

Banking woes, rising debt levels, and unemployment will put consumers in greater trouble, economists say.
A global war on inflation

Many nations have begun to tighten their credit reins in an effort to curb rising prices.