Layna Mosley, one of my professors at UNC, has a piece in Foreign Affairs on the European sovereign debt crisis. In a sense she's come ...

Dan Drezner has a post on whether we are now at a focal point that will discredit the idea of expansionary austerity: The Greek sovereign...

Major U.S. banks have about $80bn in exposure to troubled European sovereigns, about $30bn of which is protected via CDS. Think $50-80bn is...

Apologies for the long absence. The past few weeks have been extraordinarily busy on several fronts. I think I'll be able to get this p...

Hey! Megan McArdle ! Maybe the OECD governments that negotiated the Basel accords assigned a zero risk-weight for OECD sovereign debt becaus...

Markets seemed to like it yesterday, not so much today. You can find news and discussion of the plan everywhere. I liked Salmon's takes ...

Bueno de Mesquita and Smith continue their guest-posting at the Monkey Cage with this , which basically describes how time inconsistency...

Edward Hugh reports that the Germans are laying down the gauntlet on the Greeks: Only yesterday, German Finance Minsister Wolfgang Schae...

Phil Arena was fishing for a post from me on Europe in response to this : Europe appears to be inching closer to a more centralized fisca...

Treasuries now more expensive than they've ever been : Treasury 10-year note yields fell to an all-time low today as concern the euro...

“Politics cannot and will not simply follow the markets,” [Merkel] told German public television on Sunday in her first interview after re...

The Swiss government wants people to stop using the Swiss franc: Yes, you read that right: if you want to lend Swiss francs or make a de...

The United States government can borrow at negative yields out to 10 years . 1% out to 30. And the response to that? A downgrade, and bo...

Layna Mosley, one of my professors here at UNC, has a guest-post at the Monkey Cage on the sovereign debt downgrade. I'm not goin...

Apologies for the light posting. I've had fairly severe computer problems that necessitated the purchase of a new one, then an epic stru...

Looks like there's an emerging debt ceiling deal that will likely pass both houses. Here's the gist: - Debt ceiling increase of up ...

UT-Austin professor of government Sean Theriault makes an important point about the debt ceiling miasma: this is happening because of polit...

A newish paper from Martin Larch at the European Commission's research office: Fiscal performance and income inequality: Are unequal so...

See this Krugman post on Japan's 2002 downgrade.

CDS on Treasuries have more than doubled in the past two months. And that's not all : On Wall Street, Treasuries function like a currenc...