Posted in Economics, Politics & government on June 26th, 2012 No Comments »
I understand the case for the breaking up of the Eurozone. I do appreciate the virtue behind a flexible exchange rate, especially for cases like Greece. There is a need for rebalancing that a monetary union cannot provide. Yet, I am uneasy at the suggestion of a break-up, of Grexit, because deep inside of me, [...]
Posted in Economics on May 30th, 2012 4 Comments »
Indonesian President Susilo Bambang Yudhoyono warned of the danger of a common currency in an interview with the Wall Street Journal. It is a reminder that needs not a resounding. The horror of Europe is enough to make one thinks twice of a currency union. The talks of Greek exit can potential become the end [...]
Posted in Economics on December 23rd, 2011 No Comments »
I am in the opinion that the expected sovereign debt and banking crises in Europe have been postponed to the end of 2012 or early 2013. There are two reasons why I think so. The crisis in Europe is essentially two-fold. One is due to government debts. Two is the risk of default by European [...]
Posted in Economics, Politics & government on December 9th, 2011 No Comments »
There are several stages of economic integration. Free trade agreement is probably the lowest of all integrations. It seeks just free flow of capital and labor across borders. The next step is either custom or monetary union together with a common market. Member states surrender monetary policy to a central authority while maintaining independent fiscal [...]
The name is Hafiz Noor Shams.
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