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Channel: Sustento - The blog of Raf Manji discussing the intersection between economics, the environment and society » central banks
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Playing Chicken: Is the Fed bankrupt?

There seems to be some suspicion around the Fed’s balance sheet at the moment and questions are beginning to be asked about its capital adequacy. It’s dolling out cash like sweets at a birthday party....

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The Suspension of Belief

We’ve talked often on this blog about the necessity to have confidence in the banking system. Paper money is, after all, just paper. There’s no point playing the blame game. It’s all about what we do...

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Details on NZ Deposit Guarantee Scheme

Some details from the RBNZ: 12 October 2008 OPERATIONAL DETAILS New Zealand Deposit Guarantee Scheme This document outlines the key characteristics of the deposit guarantee scheme announced by the...

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Nationalise money, not banks

The flurry of raised hands for bank guarantees from central bankers and treasury ministers around the world fails to convince me we are out of fire. Certainly guaranteeing interbank lending is helpful...

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New Order

Blue Monday Just watching Bush, Sarko and some other bureaucrat from the EU announcing the coming of the new order or is it a new new order. Forget Black Monday its all Blue from here. Actually they...

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Central Bank Chant: I’m Forever Blowing Bubbles……

Pretty bubbles in the air. They fly so high, Nearly reach the sky, Then like my dreams, They fade and die. Fortune’s always hiding, I’ve looked everywhere, I’m forever blowing bubbles, Pretty bubbles...

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Market watch: G20 tightens the purse strings

Well after years of allowing banks to categorise any paper bearing the words “i hope to pay back” as Tier 1 capital, G20 has agreed to a new global framework on bank capital under which “banks will...

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The Art of Currency War

It’s been 3 years since the G7 made a serious call for the Yuan to appreciate. But not much has happened since then (apart from a complete meltdown in the global financial system) except for the global...

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Drowning in Debt? QE making you Queasy? Try Monetary Dialysis

As Spain heads to debtors prison, questions are being asked about the viability of the whole Euro project. It’s become clear that a large scale monetary union without fiscal integration, is not a...

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The Currency Conundrum

A story in this weekend’s NBR outlined how the exchange rate was still the major concern for NZ exporters. With the NZ$ at 52p and 0.65 Euros, it’s not hard to see why that is the case. On the other...

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