Monthly Archives: January 2015

“theft by safety net” : Ed Kane on Irish Banks

If there is someone in the word who knows more about Zombie Bank(ing system)s  than Ed Kane of Boston College they have been very quiet. In fact,  Ed coined the term, and the analogy. Tomorrow he testifies at the Banking Inquiry and it should be entertaining, informative and provocative.

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Will QE do the trick for Europe and Ireland?

So the ECB has, years late and trillions short, decided to act rather than to react. Having passively allowed its balance sheet, shrink By €1 trillion over the last two years it has now decided to inflated its balance sheet by €1 trillion over the next two years. One of the things that central banks are supposed to do is to ensure stability. Looking back from the end of 2016 the gyrations of the ECB balance sheet will hardly inspire. Nonetheless the proposal to engage in quantitative easing, of a sort, is welcome. But its more a constipated squeezing than real quantitative easing.  Continue reading

Predatory and Pay for Publish journals and Irish Academia.

Being the editor of the journal gives you a perspective on the publishing process that is not available to the majority of academic researchers. One of the issues that strikes you is that there is an enormous volume of material seeking a home. Into this gap have come open access journals, new journals from existing publishers, but also a host of predatory journals. Unfortunately, some Irish academics are either falling prey or worse are deliberately seeking out publication opportunities in these predatory journals.

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Free second level education in Ireland: a near escape

It takes a special kind of talent to propose a policy which is at once the political equivalent of a dirty bomb, economically retrograde, socially regressive, and fiscally meaningless.  The revelations today in the Irish Times that the Dept of education proposed  the beginning of the abolition of free second level education suggests that such talents do exist within the buildings on Marlborough Street. Continue reading

Irish Business Schools – Rankings 2015

Rankings are like the closing days of Gay Byrne’s tenure in the Late Late Show. There is one for everybody in the Audience. A new ranking has been gaining ground recently, Eduniversal Ranking, based mostly on interviews. Irish Business Schools are doing quite well. Continue reading

Interrogating God, the Central Banking Version

Shield-Trinity-Scutum-Fidei-English.svgToday at the banking enquiry in the Irish parliament parliamentarians will get a unique opportunity, to interview and interrogate God.   I say God, but whom I really mean is Patrick Honohan.

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Hyperbolics, Banks and Elections

There is an interesting opinion piece in the Irish Times today, by Michael Noonan, the finance minister.   It is being spun as “were going to get our money back from the banks”.   This is not the first or second time of course we have heard that we are going to get the money back, and it will not be the last.  We need to take enormous caution when interpreting what politicians say, especially when they talk about banks, and especially when they talk about banks in the run-up to an election. Continue reading