“I am deeply convinced that we should all buy Italian bonds to support our economy.” And yet — and here’s where jitters arise — other indicators suggest that money is nonetheless fleeing Italy at worrisome levels. John Whittaker, an economist at...

Luckily for us, John Whittaker, an economist at the University of Lancaster, has just come out with a a great paper which tackles exactly this point. As he notes, critical to the fluid functioning of the eurozone system is that euro bank deposits in...