Know thyself... or carry a wallet

  Of all the axioms of utility theory, the completeness axiom is perhaps the most questionable.    - Robert Aumann, Nobel Prize Winner ...

Why big fat Greek bank premiums?

National Bank of Greece depository receipt certificate ( source ) If you're like me, you same to: 1) explore markets abnormalities...

Euros without the Eurozone

This 2 euro coin is issued by Monaco, which is not a member of the Eurozone Grexit not what people who need it. The standard argumen...

Andy Haldane and BOEcoin

The 1995 British two pound "Dove" coin Moneyness - Chief economist at Bank of England's Andrew Haldane • The ...

Stablecoin

Cryptocurrency whippersnappers who work in the field is incredibly fast. As I've said for a while, like bitcoin assets (or stock) a...

Negative skewness, or: bulls walk up stairs, bears jump out of windows

Recent market performance in the market is a good reminder asymmetrical. Under normal circumstances, the stock market rise is not like...

How many bullets does the Bank of Canada have left in its chamber?

It's been a while since I blogged about Canadian monetary policy, but Luke Kawa's recent tweet on the topic of Canada's effe...