Sunday, August 9, 2009

ECB's survey of banking conditions in the Eurozone: July 2009 data

This is part 1 of the lengthy exercise in analysing the ECB quarterly data on banking sector conditions in the Eurozone. I intend to regularly update the data set... Enjoy and do comment...




















1 comment:

  1. As a general comment on the "long run" for economics. I take a life cycle system planning view. There seem to be better ways to understand and use J.M. Keynes' observations on the nature of capital at the approach of development climax.

    One of his observations was the logical certainty that financial capital will climax either because a) conditions get so miserable that net aggregate returns on investment don't materialize, or b) with returns still healthy investors voluntarily choosing to spend enough to prevent (a). That it becomes physically necessary to “give it away in order to keep it…” is not a moral surprise, of course. The question is how to do it. I think I found a clear path to genuinely resolving the problem. The physics doesn’t solve the moral quandaries presented, but at least points to which ones matter the most!

    "Economies that become part of nature" http://www.synapse9.com/drafts/NaturalEcons.pdf

    All the best, Phil

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