Gabriel Stein

Chart of the week – deposits in US commercial banks

Written by | Monday 28 January 2013

Summary: The growth of deposits in US banks continues to accelerate. The numbers imply healthy broad money growth, eventually translating into activity.

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Think piece: How to leave EMU

Written by | Monday 6 December 2010

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How to leave EMU

Written by | Monday 6 December 2010

Membership of the Economic and Monetary Union of the European Union (EMU) is ostensibly a one-way street. Once you join the euro area (commonly known as the eurozone), you cannot leave. Yet the 4th December issue of The Economist carries on the front-page the heartfelt plea “Don’t do it” over a picture of a man with a euro coin for his face, just about to commit suicide. This just confirms what anyone interested in the topic already knew – of course you can leave the euro.

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