tag:blogger.com,1999:blog-5882645467378797266.post2213484455899110719..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Beware of Cross-Border Capital Flows!kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5882645467378797266.post-74338515973461126052014-10-27T22:47:10.653+01:002014-10-27T22:47:10.653+01:00As a policy for a Central Bank, I think it is dang...As a policy for a Central Bank, I think it is dangerous because it limits the room for maneuver or a Central Bank. If you read President Jordan's statement, you will understand why.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-71431143002447692542014-10-27T16:24:48.224+01:002014-10-27T16:24:48.224+01:00No, not of course, as a policy for a central bank ...No, not of course, as a policy for a central bank i asked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-88292536942928953872014-10-27T16:00:16.701+01:002014-10-27T16:00:16.701+01:00I am not sure that the gold holdings of a Central ...I am not sure that the gold holdings of a Central Bank have very much to do with cross-border capital flows. kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-88834835196523048852014-10-27T15:55:08.396+01:002014-10-27T15:55:08.396+01:00http://www.snb.ch/en/ifor/media/dossiers/id/media_...http://www.snb.ch/en/ifor/media/dossiers/id/media_dossiers_gold<br /><br />Klaus about this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-85929542560849992242014-10-27T12:37:37.921+01:002014-10-27T12:37:37.921+01:00The cited theory suggests that during the first ph...The cited theory suggests that during the first phase, 'foreign capital generally flows toward productive uses and reaps attractive returns'. If only part of Greece's foreign capital had flowed into productive uses, things would be different today. Of course it went into consumption and the domestic productive capacity was, if anything, reduced.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-80208262108522934482014-10-27T11:31:30.285+01:002014-10-27T11:31:30.285+01:00Klaus, you are pulling my leg, you know Greece did...Klaus, you are pulling my leg, you know Greece did not have a first phase, they went directly into full consumption mode. That is a nasty habit, very hard to kick. I have a friend who says "I'm still an alcoholic, I just don't drink anymore".<br />LennardAnonymousnoreply@blogger.com