Monthly Archives: January 2015

Party like its 1953…

One Made it Out of the Debt Trap Lessons from the London Debt Agreement of 1953 for Current Debt Crises

A very interesting paper on the 1953 London Debt Conference which outlines how it could be a template for the Greek (and other ) debt crises.



“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