I am off again this week and doing short duty on the blog. But I want to say a few words about the ECB and its impending monetisation plans given Mario Draghi's decision to pull out of the Jackson Hole event sponsored by the Kansas City Fed. The FT has a good article outlining the variables which will influence those decisions. The key sticking points they outline are the following:
Convertibility or redenomination risk: this is the risk that Joerg Asmussen used as a premise for ECB interventio...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.