The authors discuss the role of private debt in financial crises and attempt to apply the debt
deflation logic to the data and facts surrounding the post bail-in years in Cyprus. It is found …

The paper identifies concentration of money and power and loosely regulated financial
markets as impeding the efficient allocation of economic resources. The pursuit of return …

The Government has facilitated and protected the banks on a stand and motto that “without
banks there is no economy”. However, eight years after the financial crisis that culminated to …

Economic policy in Cyprus completely ignores the fact the problem to overcome is the
enormous, and almost unprecedented, private debt burdening the economy. The …

Private sector indebtedness in Cyprus remains extremely high. Yet the Government and the
banks in Cyprus continue to define the problem as being the non-performing loans (NPLs) …

I have written two articles on the subject of “the Deal” sought and negotiated by the
Government for privatising the ailing Co-Op Bank in Cyprus. I continue here with “Socialising …

The author has written two articles on the subject of “the Deal” sought and negotiated by the
Government for privatising the ailing Co-Op Bank in Cyprus. In this paper he continues with …

Private sector indebtedness in Cyprus remains extremely high. Yet the Government and the
banks in Cyprus continue to define the problem as being the non-performing loans (NPLs) …

Cyprus suffers from a developing acute case of Balance Sheet Recession. This means that
because of the excessive and quite unprecedented levels of private debt (3 to 4 times the …

Cyprus suffers from a developing acute case of what Richard Koo (Koo, 2015) has coined as
Balance Sheet Recession. This means that because of the excessive and quite …