Comments on: Kiesling vs. Rosen on Egocasting; Dissertation Assignment Desk http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/ The Sweet Release of Reason Tue, 22 May 2012 20:28:45 +0000 hourly 1 By: but binho http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3889 but binho Wed, 11 Mar 2009 20:07:30 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3889 Raivo Pommer<br><a href="mailto:raimo1@hot.ee" rel="nofollow">raimo1@hot.ee</a><br><br>Europabankrotte<br>nur auf Portugal<br><br>Ein Gespenst geht um in Europa - das Gespenst des Staatsbankrotts. Die Investoren sind alarmiert durch enorm hohe Prämien für Kreditausfallversicherungen auf europäische Länder wie Griechenland, Irland oder Österreich. Diese sogenannten Credit Default Swaps auf fünfjährige Anleihen Irlands sind binnen Jahresfrist um mehr als 300 auf 360 Basispunkte hochgeschossen. Das sind 3,6 Prozent für die zu versichernde Summe. Will ein Anleger eine Millionen Euro an irischen Schuldtiteln gegen den Ausfall versichern, kostet ihn das eine Prämie von 36.000 Euro im Jahr.<br><br>Darin kommt zum Ausdruck, dass die Marktteilnehmer befürchten, dass die Stützungsmaßnahmen für das marode Bankensystem den irischen Staat gerade in einer sich täglich verschärfenden Rezession überfordern könnten. Hinzu kommen die strukturellen Schwierigkeiten im Zuge des Platzens der irischen Immobilienpreisblase. Doch am Anleihemarkt kann sich der ehemalige keltische Tiger noch immer zu erstaunlich günstigen Konditionen refinanzieren. Die in dieser Woche begebenen dreijährigen Titel im Volumen von 4 Milliarden Euro muss Irland mit einem Zinskupon von lediglich 3,9 Prozent ausstatten.<br><br>Portugal's long-term sovereign debt was recently downgraded by the international ratings agency Standard and Poor's to "A plus," the same level as Greece and Ireland.<br><br>All three countries must pay higher rates of interest to sell their bonds on international markets as a result.<br><br>But Pinho said Portugal's situation was not comparable with those of Greece and Ireland, in part because Lisbon had considerably reduced its public deficit in recent years.<br><br>Portugal also is not suffering from a real-estate crisis, and banks in the country are faring better than those in Greece and Ireland, he said.<br><br>But Portugal, like many European countries, fell into recession last year, and its gross domestic product (GDP) contracted by two percent in the fourth quarter of 2008. Raivo Pommer
raimo1@hot.ee

Europabankrotte
nur auf Portugal

Ein Gespenst geht um in Europa – das Gespenst des Staatsbankrotts. Die Investoren sind alarmiert durch enorm hohe Prämien für Kreditausfallversicherungen auf europäische Länder wie Griechenland, Irland oder Österreich. Diese sogenannten Credit Default Swaps auf fünfjährige Anleihen Irlands sind binnen Jahresfrist um mehr als 300 auf 360 Basispunkte hochgeschossen. Das sind 3,6 Prozent für die zu versichernde Summe. Will ein Anleger eine Millionen Euro an irischen Schuldtiteln gegen den Ausfall versichern, kostet ihn das eine Prämie von 36.000 Euro im Jahr.

Darin kommt zum Ausdruck, dass die Marktteilnehmer befürchten, dass die Stützungsmaßnahmen für das marode Bankensystem den irischen Staat gerade in einer sich täglich verschärfenden Rezession überfordern könnten. Hinzu kommen die strukturellen Schwierigkeiten im Zuge des Platzens der irischen Immobilienpreisblase. Doch am Anleihemarkt kann sich der ehemalige keltische Tiger noch immer zu erstaunlich günstigen Konditionen refinanzieren. Die in dieser Woche begebenen dreijährigen Titel im Volumen von 4 Milliarden Euro muss Irland mit einem Zinskupon von lediglich 3,9 Prozent ausstatten.

Portugal's long-term sovereign debt was recently downgraded by the international ratings agency Standard and Poor's to “A plus,” the same level as Greece and Ireland.

All three countries must pay higher rates of interest to sell their bonds on international markets as a result.

But Pinho said Portugal's situation was not comparable with those of Greece and Ireland, in part because Lisbon had considerably reduced its public deficit in recent years.

Portugal also is not suffering from a real-estate crisis, and banks in the country are faring better than those in Greece and Ireland, he said.

But Portugal, like many European countries, fell into recession last year, and its gross domestic product (GDP) contracted by two percent in the fourth quarter of 2008.

]]> By: Virginia Postrel http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3892 Virginia Postrel Thu, 27 Jan 2005 21:23:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3892 These aren't dissertation topics. They're lifetime programs of research--and very interesting ones. These aren’t dissertation topics. They’re lifetime programs of research–and very interesting ones.

]]> By: Sebastian Holsclaw http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3891 Sebastian Holsclaw Mon, 24 Jan 2005 18:00:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3891 Clarify: the difference between "social engineering" in the rationalistic or constructivistic sense, and institutional design in the Madisonian/Buchanan sense; how dynamic renegotiation of constitutional contract/institutional structure politically resembles "regulation," but how, once in place, changes are robustly self-regulating, "ecologically rational." See The Future and Its Enemies by Virginia Postrel. Clarify: the difference between “social engineering” in the rationalistic or constructivistic sense, and institutional design in the Madisonian/Buchanan sense; how dynamic renegotiation of constitutional contract/institutional structure politically resembles “regulation,” but how, once in place, changes are robustly self-regulating, “ecologically rational.”

See The Future and Its Enemies by Virginia Postrel.

]]> By: Bob McGrew http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3890 Bob McGrew Mon, 24 Jan 2005 14:57:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3890 Problem three is right in my area of research, but I can tell you it's way too hard: there aren't even any rigorous ways to talk about bounded rationality except in certain special cases, and I don't think that there will be short of an amazing advance in computer science. (Computer scientists are, after all, the ones who study the computational cost of problems.) Problem two is very, very interesting, but out of my area of research. :) Problem three is right in my area of research, but I can tell you it’s way too hard: there aren’t even any rigorous ways to talk about bounded rationality except in certain special cases, and I don’t think that there will be short of an amazing advance in computer science. (Computer scientists are, after all, the ones who study the computational cost of problems.)

Problem two is very, very interesting, but out of my area of research. :)

]]> By: Bob McGrew http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3885 Bob McGrew Wed, 30 Nov -0001 00:00:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3885 Problem three is right in my area of research, but I can tell you it's way too hard: there aren't even any rigorous ways to talk about bounded rationality except in certain special cases, and I don't think that there will be short of an amazing advance in computer science. (Computer scientists are, after all, the ones who study the computational cost of problems.) Problem two is very, very interesting, but out of my area of research. :) Problem three is right in my area of research, but I can tell you it’s way too hard: there aren’t even any rigorous ways to talk about bounded rationality except in certain special cases, and I don’t think that there will be short of an amazing advance in computer science. (Computer scientists are, after all, the ones who study the computational cost of problems.)

Problem two is very, very interesting, but out of my area of research. :)

]]> By: Sebastian Holsclaw http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3886 Sebastian Holsclaw Wed, 30 Nov -0001 00:00:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3886 Clarify: the difference between "social engineering" in the rationalistic or constructivistic sense, and institutional design in the Madisonian/Buchanan sense; how dynamic renegotiation of constitutional contract/institutional structure politically resembles "regulation," but how, once in place, changes are robustly self-regulating, "ecologically rational." See The Future and Its Enemies by Virginia Postrel. Clarify: the difference between “social engineering” in the rationalistic or constructivistic sense, and institutional design in the Madisonian/Buchanan sense; how dynamic renegotiation of constitutional contract/institutional structure politically resembles “regulation,” but how, once in place, changes are robustly self-regulating, “ecologically rational.”

See The Future and Its Enemies by Virginia Postrel.

]]> By: Virginia Postrel http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3887 Virginia Postrel Wed, 30 Nov -0001 00:00:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3887 These aren't dissertation topics. They're lifetime programs of research--and very interesting ones. These aren’t dissertation topics. They’re lifetime programs of research–and very interesting ones.

]]> By: The Cardinal Collective http://willwilkinson.net/flybottle/2005/01/23/kiesling-vs-rosen-on-egocasting-dissertation-assignment-desk/#comment-3888 The Cardinal Collective Wed, 30 Nov -0001 00:00:00 +0000 http://www.willwilkinson.net/flybottle/?p=622#comment-3888 <strong>It's Hard To Reason About Bounded Rationality</strong> Will Wilkinson proposes a good research topic on his assignment desk: Defend: Behavioral economics does not provide an argument for regulation or paternalism, unless we think of regulation and paternalism as the implementation of market institutions th... It’s Hard To Reason About Bounded Rationality

Will Wilkinson proposes a good research topic on his assignment desk: Defend: Behavioral economics does not provide an argument for regulation or paternalism, unless we think of regulation and paternalism as the implementation of market institutions th…

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