Debt relief without moral hazard. I put on my thinking caps last week and drafted a paper called 'Designing a Debt Relief programme with minimal moral hazard to address ... Continue reading
The ‘Cost’ of Regulation David McWilliams hit an interesting point in today's piece in the Independent about having 'too much regulation', and how it may repel ... Continue reading
What will come of it all? Eurobonds? Probably not… If you look at the dynamic of the crisis to date you see the following flow (broadly but not exactly) 1. Sub-prime mortgages in the US... Continue reading
Mortgage Debt for Equity swaps A popular idea that has been discussed in the past (and if Niamh Hennessy's article proves correct may become working reality) is that ... Continue reading
Repay Bond holders in full (with mortgages) You can't hope for isolated solutions in world where everything is bound together, which is the foundation for taking a more pragmatic ... Continue reading