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Tuesday, February 12, 2013

Monetary

News                                                                                                                             
Bloomberg | ECB Ready to Offset Banks’ Accelerated LTRO Payback
The European Central Bank is poised to offset any acceleration in emergency loan repayments by the region’s banks to ensure reduced liquidity doesn’t undermine its monetary policy.
Bloomberg | G-7 Concerned About Excess Yen Moves, Official Says in Comment
The Group of Seven is concerned about excess moves in the Japanese yen and investors misinterpreted an earlier statement on exchange rates, an official from a G-7 nation said.

Econ Comments & Analysis                                                                                            
Fortune | How banks could get blown away by bond bubble
A Federal Reserve governor is publicly raising concerns about a bond bubble, and he thinks banks could take a big hit.
Forbes | Virginia House Sets The Stage For Bipartisan Monetary Reform
The elevation of reform of our broken monetary system to a bi-partisan economic issue may be the biggest positive development of the next two years.
AEI | The biggest loser: Europe and the global currency war
In currency wars, where some countries pursue policies deliberately aimed at cheapening their currencies, there are generally winners and losers. Judging by recent currency movements, Europe is the biggest loser in the present global currency war.