Author Archives: bzik2

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About bzik2

A beginning central banker with a twist

Well done Warsaw: Poland’s debt trumps Germany’s and America’s | The Economist

Well done Warsaw: Poland’s debt trumps Germany’s and America’s | The Economist. “ANYONE who takes financial-market indicators as a guide to the real world must be mad or a banker. But it is still interesting to note, as Bloomberg has … Continue reading

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Perversion of central banks “lender of last resort” role

Charles I. Plosser (Phil Fed) – “Pressure on central banks is also showing up through other channels. In some circles, it has become fashionable to invoke “lender of last resort” arguments as a reason for central banks to engage in … Continue reading

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I’d like to thank P. Volcker…

… A. Blinder, O. Issing, R. Nixon and W. Duisenberg because quotations from these people helped me to defend my PhD thesis in economics. http://www.tse.fi/EN/media/events/Pages/DissertationDefenceLicSocScAleksandraMaslowska.aspx http://www.tse.fi/EN/media/news/Pages/DissertationCentral-Bank-Independence-Matters.aspx

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It surely is triumph

I am currently writing my PhD defence speech and, while searching for inspiration, I am checking what others wrote at their times of breakthrough. It is somewhat interesting and symbolic what Arthur Burns and Paul Volcker wrote in their Per … Continue reading

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Väitös(kansantaloustiede): VTL Aleksandra Maslowska

http://www.tse.fi/EN/media/events/Pages/DissertationDefenceLicSocScAleksandraMaslowska.aspx

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Becoming an independent researcher

My D-day when I prove I can be an independent researcher is finally approaching.

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Europe Bailout Fund Loses Top Rating at S&P

The European Financial Stability Facility, the euro area’s bailout fund, lost its top credit rating at Standard & Poor’s after earlier downgrades of France and Austria. http://www.bloomberg.com/news/2012-01-16/s-p-cuts-efs-facility-to-aa-from-aaa.html

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Feel sorry

“You’ve got to feel sorry for the people at the Fed who have to keep cleaning up the mess that the fiscal policy makers leave,” MacGuineas said. More in Bloomberg’ story: Central Banks Ease Most Since ’09 to Avert Europe-Led … Continue reading

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It is your chance to win £250 000!

You JUST need to answer to a question:  how to manage the orderly exit of one or more member states from the European Monetary Union. The Wolfson Economics Prize, second in the amount after the Nobel Prize is founded by Lord … Continue reading

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Oh no! They finally did it! Bini Smaghi quits the ECB!

In the official press release from yesterday, November 10, 2011, the European Central Bank announces that Lorenzo Bini Smaghi “will resign from his position prior to the end of his term of office on 31 May 2013 to join Harvard … Continue reading

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