The Certainty of Political Uncertainty

As the world economy limps into 2013 with an outlook of continued sluggish growth, it appears the greatest obstacle to economic recovery in the New Year is not only bad economic policies. It is also the threat of more bad economic policies, especially ones that threaten the very institutions underpinning the market economy. Policy uncertainty […]

Insuring Against a Financial Crisis

Financial institutions, especially banks, have been at the heart of the recent global financial crisis. From the collapse of Lehman Brothers, widely noted as the trigger for the collapse of financial markets in the United States, to the debate on “too big to fail” and widespread taxpayer-funded bailouts of banks in most OECD countries, the […]