FED’s Expected Hikes Fuel Unease in Currency Markets

FED’s Expected Hikes Fuel Unease in Currency Markets

photo: FAB O LENS Renewed allegations of “currency manipulation” in the US-China bilateral agenda have less to do with the Chinese renminbi than US election politics and the Fed’s anticipated rate hikes. Even before the start of the eighth and final Strategic and Economic Dialogue (S&ED) of the Obama administration, the issue of the exchange rate […]

Anti-Corruption Drive – Critical to Future, International by Nature

Anti-Corruption Drive – Critical to Future, International by Nature

photo: Cabinet Office No inclusive growth is conceivable without success in Nigeria’s anti-corruption drive. Today, that struggle is increasingly global. In mid-May, the world’s first anti-corruption summit took place in London. During the event, the chairman, UK Prime Minister David Cameron was caught on open mike disclosing to Queen Elisabeth II that attendants included some “fantastically […]

From Record Highs to Equity Exodus amid Rising Global Risks

From Record Highs to Equity Exodus amid Rising Global Risks

photo: Nicolas Raymond This is the year of historical, elevated economic, political, strategic, and policy risks. Until recently, these potential perils were largely discounted in the market – but now the unease is evident and rising. Ostensibly, US markets are not far from their all-time highs. And yet, the most watched market indices reflect extraordinary unease […]

The Role of the U.S. In the Global Financial System

The Role of the U.S. In the Global Financial System

photo: ctj71081 The mandate of the Federal Reserve is clear: “…promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates.” How to achieve those goals, of course, has been the subject of great debate: should the central bank use interest rates or monetary aggregates? should it rely on rules or discretion? The ongoing controversy […]

How Foreign Aid Could Help Attract FDI

How Foreign Aid Could Help Attract FDI

photo: Nicolas Raymond Official development assistance (aid) and foreign direct investment (FDI) are widely perceived to be alternative means of supplementing domestic savings and promoting economic development in low and middle income countries. Developing countries that attract FDI are often contrasted with those depending on aid. The argument for FDI is typically considered “compelling” (Stiglitz 2000) […]

The Joker, Lex Luthor & the Argentine Debt Saga

The Joker, Lex Luthor & the Argentine Debt Saga

  Sometime ago the Economist described the stand-off between the then government of Argentina and some hold-out creditors as “watching a movie in which The Joker battles Lex Luthor,” the famous supervillains of comic books, concluding that “neither side arouses much sympathy.” Cristina Fernández de Kirchner (The Joker?) has paid politically, with her candidates losing […]

The Global Growth Funk

The Global Growth Funk

photo: International Monetary Fund NEW YORK – The International Monetary Fund and others have recently revised downward their forecasts for global growth – yet again. Little wonder: The world economy has few bright spots – and many that are dimming rapidly. Among advanced economies, the United States has just experienced two quarters of growth averaging 1%. […]

Iran’s Economy After the Sanctions Deal: Why the New US Hurdles?

Iran’s Economy After the Sanctions Deal: Why the New US Hurdles?

photo: Nicolas Raymond Today, the Iran nuclear deal is effective. Yet, Iran’s efforts to attract foreign investment and accelerate growth and prosperity face new hurdles, which seem to reflect Washington’s efforts to dent the agreement. Last January, the nuclear agreement between, Iran and the five permanent members of the UN Security Council (US, China, France, Russia, […]

The People’s Verdict on Globalization

The People’s Verdict on Globalization

photo: Nicolas Raymond The similarities in the electoral appeals of businessman Donald Trump and Senator Bernie Sanders have been widely noted (see, for example, here, here and here). Both men attract voters who feel trapped in their economic status, unable to make progress either for themselves or their children. Moreover, both men have assigned the blame for the loss of […]

1 3 4 5 6 7 388