…will depend not just on the level of outstanding debt but also on interest rates of various maturities and the timing of the turnover of the debt as existing bonds…

by Rebecca Wilder Euro area credit: did the ECB wait too long? The ECB released its February report on monetary developments in the Euro area. This is an important report,…

…Eurozone as per the Lisbon Treaty. Rebecca Wilder Update: It should be noted that Lisbon allows a country to leave the EU, of which the Eurozone is (effectively) a subset….

…with student debt to those households without student debt; as Chopra remarked, 30 year olds with no history of student debt are more likely to have mortgage debt than those…

…of outstanding debt. The US Treasury issues debt with maturities as short as one month and as long as 30 years. Short-maturity debt requires frequent rolling-over of the debt which…

…depend on the interest rates of various maturities, the timing of the turnover of the debt as existing bonds mature, and when new debt must be sold. If interest rates…

…Eurozone face the dilemma of how to reconcile centralized rule-making with national sovereignty. The ECB, for example, has been granted supervisory oversight of the banks in the Eurozone. It will…

…(ECB) raised its policy rate on April 13 – a point in time that correlates perfectly with a shift in trend across euro-area bond markets. Specifically, April 13 marks the…

…me proceed in reverse order, and begin with gross debt. Gross debt has two components: debt held by the public—which I will discuss more in a moment— and intragovernmental debt….

…can drop its financial deficit without incurring behemoth debt burden growth (in the case of the Eurozone, the term “burden” actually applies since Greece, nor any one economy, can print…