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You are not the bank’s customer

Wednesday, 14 January 2009 by Mike Gogulski
diary | 18 Comments »

I walk into the nearest branch of Tatra banka, where I keep all of my accounts. I proceed to the cash window. I have two tasks: Exchange a quantity of Slovak koruna banknotes for euro notes Purchase a number of commemorative coins for ...

It’s good having friends at the central bank

Tuesday, 17 June 2008 by Mike Gogulski
economics | Comments Off on It’s good having friends at the central bank

Someone walked away with a cool €13 million or so. Not bad for a day's trading. Another victory for the market? Certainly a victory for having the right connections to the masters of the currency universe. From The Guardian: Slovaks open probe ...

Put up prices: go to prison

Monday, 9 June 2008 by Mike Gogulski
economics | 1 Comment »

That Robert Fico and his government are utterly ignorant of how markets work should come as a surprise to nobody. But then, they do say that ignorance is bliss... Me, I'm off to go jack up the rates I charge to ...

Turning central bankers into flying ponies

Saturday, 17 May 2008 by Mike Gogulski
economics, mind control | 3 Comments »

Slovakia's adoption of the euro on 1 January 2009 has been more or less a foregone conclusion in the country for some years already. In an apparent effort to squelch any remaining euroskepticism among the warier segments of the Slovak population, ...

Police to Pursue Pricing

Wednesday, 14 May 2008 by Mike Gogulski
economics | 2 Comments »

Last week, Slovakia received its anticipated green light from the European Commission to adopt the euro. Speculation has been widespread in the country that joining the common currency will lead to increases in real consumer prices, as it has in ...
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