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Government-guaranteed bank lending: beyond the headline numbers
Loan guarantees have been a major part of the COVID-19 support packages offered by European governments to companies....
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Consultation on the impact of the judgment of the German Constitutional Court of May 5th 2020
A couple of financial market participants asked to consult me on the impact of the recent judgment by...
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A temporary, common fiscal stimulus answering the mayhem of COVID-19
A drawback in the design and implementation of the €-area is that we have complete monetary union but...
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Notes on the ECB
On April 1st I had a consultation with a group of managers from financial and corporate firms. These...
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13 conditions to be fulfilled to see the light at the end of the COVID-19 tunnel
It is not easy to design a configuration of events that is not uniformly bleak. I have tried...
