Elisa Parisi-Capone is a senior economist for Finance & Banking and Western Europe. Her areas of research include the economics of the Economic and Monetary Union (EMU) with a special focus on periphery countries and intra-EMU imbalances. Her coverage also focuses on banking regulation and capital markets from a systemic risk perspective in addition to securitizations, credit derivatives and structured finance—her analysis on the subject has been cited by the financial press and the Congressional Oversight Panel. Previously, Elisa spent two years as a financial markets analyst at the Swiss Federal Finance Administration in Berne, Switzerland. Elisa holds a master's degree in economics from New York University and a Lizentiat in economics from the University of Zurich, Switzerland.
Recent Blog Posts by Elisa Parisi-Capone
- How Would Portugal Have Fared in the Past Decade Under the Debt Rule?
- Will the Euro Survive the Debt Crisis?
- Preparing for the December 9 Summit
- What Are the Financing Needs of the EZ Periphery?
- Eurozone: Growth Spectrum
- New Bank Stress Tests—Capturing Solvency and Liquidity Risk?
- RGE’s Wednesday Note – A Spanish Inquisition
- Comparing Spain With Ireland and Other PIIGS: Better in Some Ways, More at Risk in Others
- Eurozone: Exchange Rates and Imbalances
- RGE’s Wednesday Note: Multiple Risks From a Multispeed Eurozone Recovery
- RGE’s Wednesday Note: Still Stressed After Tests
- RGE Wednesday Note: Greek Contagion Spreads—Time for Plan B
- The Greek Picture Complicates Further: Is the IMF the Solution?
- RGE’s Wednesday Note – Obama’s Recent Regulatory and Fiscal Proposals
- Latin American CDS: Fully Recovered, What are the Risks?
- The Zombies are Coming… Again
- One Year after Obama’s Election: Regulatory and Fiscal Challenges
- Too-Big-To-Fail: Regulatory Reforms of Systemically Important Institutions
- Eurozone Bank Loss Estimates
- RGE Monitor – Lehman Anniversary – What’s Different? What’s the Same?
- Excess Bank Reserves and Slowing Credit Supply to the Private Sector: The Mechanics
- RGE Monitor – Q2 Performance in Western Europe
- Credit Markets Update: Fundamentals Driven or Too Much Liquidity?
- RGE Monitor – Europe Economic Outlook: Q2 2009 Update
- Regulatory Reforms in G7 Financial Centers
- The Role of Financial Derivatives In The Origin And Spreading of the Subprime Crisis
- Banks’ Q1 Earnings Results: Take With A Pinch Of Salt
- The Public-Private Partnership Investment Program (PPIP) – Will It Work?
- Eastern European Tinderbox: How Explosive Could It Get?
- Obama’s Homeowner Affordability and Stability Plan: A Band-Aid for the Foreclosure Crisis?
- Treasury’s Financial Stability Plan: Will It Work?
- Davos Debate: Reshaping the Future of the Global Financial System
- Satyajit Das On Lehman CDS Settlement: Epilogue
- Total $3.6T Projected Loans and Securities Losses, $1.8T Of Which At U.S. Banks/Brokers: The Specter of Technical Insolvency
- Record Corporate Bond Spreads: A Buying Opportunity?
- Focus on the U.S. Economy
- POST MORTEM – Lehman CDS Settlement: $360bn or $6bn?
- Lehman CDS Payout On October 21: $360bn or $6bn?
- Several Auctions in October: How Does A CDS Settlement Work?
- Can A Market Meltdown Be Prevented?
- The demise of the shadow banking system
- Back-of-the-Envelope Estimate Of Counterparties’ Net CDS Exposure
- Would Lehman’s Default Be a Systemic CDS Event?
- FannieMae & FreddieMac Seized: Bail-Out of the Mortgage Industry
- Commodity Prices and Derivatives Activity
- No Credit Crunch in the Euro Area? Part II
- One Year Later, Still Crunch Time
- Is Merrill’s CDO Transaction With Lone Star Consistent With Markit ABX Pricing?
- How to Solve The GSE Crisis? Overview of Long-Term Solutions
- Cross-Border Bank Lending and International Exposures: Who’s Most Exposed to the U.S.?
- Editor’s Pick – A Black Swan in the Money Market
- Editor’s Pick: Lessons From Prior Banking Crises
- Overview of Fed’s New Lending Facilities
- Editor’s Pick: Banque de France’s Special Report on Liquidity
- Editor’s Pick – Global CDO issuance by type, underlying collateral, currency from 2004-2007q4
- Monoline Insurers – How Do They Work and What’s At Stake?
- Editor’s Pick: The Effective Nationalization of the U.S. Mortgage Market in Q3 07
- Editor’s Pick: Evidence for Employment-Productivity Trade-Off in Europe
- Editor’s Pick: 2008 Global Structured Finance Outlook – Economic and Sector-by-Sector Analysis
- Editor’s Pick: Benefits and Wages: OECD Indicators 2007
- Editor’s Pick: Germany Article IV Consultation – IMF’s Concluding Statement
- Editor’s Pick: Asset Booms and Tax Receipts: The case of Spain, 1995-2006
- Editor’s Pick: Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures
- Editor’s Pick: The Impact of Poor Underwriting Practices and Fraud in Subprime RMBS Performance
- Editor’s Pick: Are emerging market financial crises a thing of the past?
- Editor’s Pick: Report on EU banking sector stability
- Editor’s Pick: Inflation – The New Dimensions
- Editor’s Pick: RMBS: Drivers of 2006 Subprime Vintage Performance
- Editor’s Pick: Who Was Milton Friedman – Response to Paul Krugman
- Editor’s Pick: Market Turmoil and Accounting Impact: 10 Key Questions
- Editor’s Pick: Change and Constancy in the Financial System
- Editor Pick – The collateral frameworks of the Federal Reserve System, the Bank of Japan and the Eurosystem
- Editor Pick – Financial market developments and the work of the Basel Committee
- Editor Pick – Hedge Funds’ Role in the Current Credit Crisis
- Editor Pick – Is Unemployment More Costly Than Inflation?
- Editor Pick – Accounting for Changes in the Homeownership Rate
- Editor Pick – IMF Global Financial Stability Report on Financial Markets Turbulence
- Editor Pick – CDO Asset Management in a Time of Illiquidity
- Editor Pick – OECD Economic Survey of the European Union 2007
- Editor Pick – Global Banks’ LBO Exposure: The Numbers
- Editor Pick – Bank of England’s Take on Turmoil in Financial Markets
- Editor Pick – Asset-Backed Commercial Paper & Global Banks Exposure – 10 Key Questions (free login)
- Editor Pick – European Bank Exposure to Subprime Risk
- Editor Pick – An Introduction to Financial Crises
- Editor Pick – High Yield and Leveraged Loan Market Review (Second Quarter 2007)
- Editor Pick – Emerging Market Liquidity
- Editor Pick – The Global Economy and Financial Markets: Where Next?
- Editor Pick – Current Account Balances and Price Competitiveness in the Euro Area
- Editor Pick – 5 Largest U.S. Investment Banks by Fitch
- Editor Pick – Euro Area Policies: 2007 Article IV Consultation
- Editor Pick – IMF Financial Markets Update
- Editor Pick – S&P Q&A
- Editor Pick – Fitch Credit Derivatives Survey
- Editor Pick – Banks and Climate Change
- Editor Pick – Has the Credit Derivative Swap Market Lowered the Cost of Corporate Debt?
- Editor Pick – Stiglitz on Asian Crisis
- Editor Pick – Offshore Outsourcing and Employment Effects in the OECD
- Editor Pick – Distress selling and asset market feedback
- Editor Pick – The euro bonds and derivates markets
- Editor Pick – Amaranth Aftermath
- Editor Pick – Mergers&Acquisitions Note
- Editor Pick – Hedge Funds: The Credit Market’s New Paradigm
- Editor Pick – Turbulence in Iceland’s financial markets in 2006
- Editor Pick – Analysis of Financial Stability
- Editor Pick – Stiglitz Versus the IMF on the Asian Debt Crisis
- Editor Pick – OECD Economic Survey of the United States 2007
- Editor Pick – Financial Globalization: A Source of Shocks as much as Smoothing?
- Editor Pick – OECD Economic Outlook No. 81
- Editor Pick – How Worrisome Is a Negative Saving Rate?
- Editor Pick – OECD Financial Market Trends No. 92
- Editor Pick – Credit Growth in Advanced Economies: Is More Better?
- Editor Pick – “Chindia”
- Editor Pick – Globalization: What Macro Policy?
- Editor Pick – China’s Financial System: Past, Present and Future
- Editor Pick – The Role of Rating Agencies in the RMBS and CDO Fallout
- Editor Pick – Hedge Fund Correlation: Comparison With 1998
- Editor Pick – Specialization and North-South Competition
- Editor Pick – Strategies for Fighting Unemployment: European Experiences
- Editor Pick – How different are the Fed and the ECB?
- Constant Proportion Debt Obligations (CPDOs) Revisited
- Editor Pick – New strategies for emerging domestic sovereign bond markets
- Editor Pick – Oil Shock and Muted Inflation
- Editor Pick – Adjustment in EMU: Stylized Facts
- Editor Pick – ECB Report on LBO Activity in the EU
- Editor Pick – What Does a Dollar of Debt Get You?
- Editor Pick – Cyclical or Structural Recovery in Germany?
- Editor Pick – Why the housing market is not a bubble, why housing won’t sink the economy
- Editor Pick – Productivity Slowdown and Income Distribution Since 1973: What the Data Show
- Editor Pick – Hedge Fund Replication: Clones or Hybrid Products?
- Editor Pick – The New Face of Private Equity
- Editor Pick – Subprime CDO Downgrade Watch
- Editor Pick – OECD Factbook 2007
- Editor Pick – ‘Social Market Economy’ vs. ‘Market Society’: EU Socialist Group on Hedge Fund/Private Equity Regulation
- Mortgage-Backed Securities, Derivatives, and Indexes: An Introduction
- Editor Pick – Inside the Black Box: Shedding Light on Private Equity
- Editor Pick – Effects of Household Debt on the UK Economy
- Editor Pick – Credit derivatives – risks and opportunities
- Editor Pick – Stiglitz on Prizes vs. Patents
- Editor Pick – Unconventional Monetary Policy
- Editor Pick: Why is it so hard to push the current economy into a recession?
- Editor Pick – Minsky’s Financial Instability Hypothesis presented by PIMCO
- Editor Pick – Who Are the Selloff Losers in Credit Markets?
- Editor Pick – The EEAG 2007 Report on the European Economy
- Editor Pick – Subprime mortgage gauge has technical problems
- Editor Pick – Danish for All? Balancing Flexibility with Security: The Flexicurity Model
- Editor Pick – Hedge Funds: Risks and Returns in Global Capital Markets
- Editor Pick – U.S. Hedge Fund Oversight Guidelines
- Editor Pick – Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks?
- Editor Pick – Shrinking Default Rates and the Credit Cycle — New Twists, New Risks
- Editor Pick – What are Credit Investors’ Biggest Concerns?
- Editor Pick: Will Sub-Prime Loan Defaults Create Another Amaranth?
- German economy outgrows USA in per-capita terms
- Editor Pick: Is the Carry Trade Pushing Up European Money Supply?
- Editor Pick: Sources of German Export Boom
- Editor Pick – Productivity Effects of FDI Inflows: A Literature Review
- Risk Areas in the Private Equity Industry
- How Are Private Equity Transactions Funded and Who Bears the Financial Risks?
- Why Are So Many Companies Taken Private?
- Labor Productivity Developments in the Euro Area Compared to the U.S.
- An Analysis of the Systemic Risks Posed by Fannie Mae and Freddie Mac
- Stable Inflation versus Volatile Asset Prices: A Trade-off?
- Monetary Policy, Incentives and Moral Hazard
- Offshore Outsourcing: What is the Impact on Domestic Productivity?
- Income Polarization in the U.S.
