In the night on Monday, Cyprus’s government agreed on a haircut of up to 40% on deposits exceeding €100,000 and bondholders, while protecting savings below the threshold of €100,000 (which are insured under the Deposit Protection Scheme, DPS) in order to restructure Cyprus’s ailing two big banks. Earlier plans which envisaged a haircut of at […]

Originally posted on Gowers's Weblog:
The Dutch publisher Elsevier publishes many of the world’s best known mathematics journals, including Advances in Mathematics, Comptes Rendus, Discrete Mathematics, The European Journal of Combinatorics, Historia Mathematica, Journal of Algebra, Journal of Approximation Theory, Journal of Combinatorics Series A, Journal of Functional Analysis, Journal of Geometry and Physics,…

(Picture taken from Sucker Punch Cinema) In response to German finance minister Peer Steinbrück’s plans to separate commercial banking from other businesses, Mr Achleitner recently argued against splitting up universal banks like Deutsche Bank, on whose board he sits, by claiming that all experts know that broadly diversified companies like universal banks pose less risk than […]

The recent debate in the Republican Party over the gold standard has kindled interest in whether or not re-introducing gold-backed currencies would be a good idea. It is advisable to begin with a word of caution. Although it is commonly talked about “THE Gold Standard”, there is no such thing as one particular gold standard. […]

The verdict unanimously delivered by the 9-head jury in San Jose in the Apple vs Samsung case raises several questions – apart from the obvious one whether the question posed by Judge Koh to Apple’s lawyer if he smoked crack should really have been addressed to the jury. In this context, granting Apple compensation for patent […]

On finhistomics [FIN(ance)HIST(ory)(econ)OMICS], I will be blogging on current topics from finance, economics and business (along with a little politics – not much, promise) spiced up with some historical background. It will critically respond to and comment on pressing issues, highlighting especially economics topics from a sometimes different view, incorporating behavioural aspect as well as […]

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