What's Going On with the Spanish and European Banking System?

The other day, a reporter asked me three questions about the current state of Spanish and European banking. Among all the areas of economic analysis, I find monetary economics and banking most interesting. In 1992, together with three coauthors, I published one of the first articles about general equilibrium economics that had the word “banking”…

Zombies: Financial and Industrial

The current crisis has brought the old word “zombie” back into fashion. Originated  in some black African cultures and associated today mostly with Haitian customs, “zombie” usually designates a dead person brought back to life by means of what one calls black magic or, more precisely, its lowest form, necromancy, a time-reviled practice. Economic zombies,…
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