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Keynes is an unwelcome guest in Switzerland !
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Government debt reduction ("Schuldenbremse") policy since 2002.
Investments Office, Novembre 2012
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The Ghost Towns of China
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Fiscal policy to nowhere, and capital (credit) missallocation on a gargantuan scale
Investments Office, December 2012
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Popular Delusions
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Memo to Central Banks: You're debasing more than our currency
Société Générale, Cross Asset Research, 2 October 2012 , Dylan Grice
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The Roman Denarius and Euro: A Precedent for Monetary Union?
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A look at the way the Roman Empire has sometimes been used as an historical precedent for the European Union, and specifically the way that the integration of the Roman monetary system has been seen as a (sometimes justifying) precedent for modern European monetary union.
Gresham College, Lecture, 3 April 2012 , Dr Andrew Burnett
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The Latin Monetary Union: Some Evidence on Europe’s Failed Common Currency
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The Latin Monetary Union was initiated in 1865 by France, Belgium, Italy, and Switzerland.
Korea University and Cornell University, 7 July 2003 , Kee-Hong Bae and Warren Bailey
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Rare Earth Prices and the Baltic Dry Index post-Bubble
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Anyone remembers the rare earth media hysteria 18 months ago, and how China was supposed to corner the market for these metals? Well, we haven't heard heard much on the topic lately...
Investments Office , November 2012
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Student of Uncertainty
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with The Economist, November 2012 , Hugh Hendry
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...following another Greek debt deal
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Swordfish Research, November 28th 2012 , Gary Jenkins
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Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?
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In this paper we examine the experience of Switzerland’s devaluation in 1936. The Swiss case is of interest because Switzerland was a key member of the gold bloc, and much of the modern academic literature on the Great Depression tries to explain why Switzerland and the other gold bloc countries, France, and the Netherlands, remained on the gold standard until the bitter end. We ask the following questions: what were the issues at stake in the political debate?
NBER Working Paper No. 12491, August 2006 , Michael Bordo, Thomas Helbling and Harold James
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What Is That Performance Costing Me?
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In these challenging times a decent performance is increasingly hard to come by - decent meaning somewhere in the range of the average returns that have been produced over a time span of more than 80 years*, and on which a large number of future growth projection models of institutional pension schemes are still based on. This sobering “new normal” environment which is here to stay into the foreseeable future, is pushing investors to seek alternative and usually riskier ways of improving their dismal returns.
Lobnek Wealth Management, November 2012 , Altug Ulkumen, CFA, Independent Contributor
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