An Alternative Anti-Drug Policy: Economic Resilience

An Alternative Anti-Drug Policy: Economic Resilience

 From the Multilateral Investment Fund Trends blog Latin America and the Caribbean is the most violent region in the world, with no fewer than five of its major cities experiencing more than 100 homicides per 100,000 people each year, according to the most recent Global Study on Homicide. While the pattern of violence varies across different […]

US Fed: It Is Not “The When”, It Is How Long It Will Take to Normalize Policy

Key takeaway – On September 16-17, the US Federal Reserve (Fed) will take a difficult decision: to hike rates for the first time in nearly a decade – or wait. It is a close call: US domestic economic conditions could justify tighter policy but remain fragile. While the GDP is growing, inflation is below the […]

RMB’s Inclusion Could Spark Big Reshuffle

The inclusion of the renminbi in the currency reserve basket is only a matter of time. It could trigger a US $1 trillion re­allocation of global reserve portfolios. Before the summer, investment banks estimated that, in the medium-term, at least US$1 trillion of global reserves could switch into Chinese assets when, and if, the International […]

Fiscal Debit Cards and Tax Credit Certificates: The Best Way to Boost Economic Recovery in Italy (and Other Euro Crisis Countries)

A fiscal shock to Italy Recently on this blog, Brunello Rosa had submitted an interesting policy proposal to boost Italy’s GDP. Brunello’s proposal shares many analytical premises with the one we have articulated in a public appeal published at the end of last year,  concerning the issuance of tax credit certificates as a means to […]

Global Volatility, Domestic Markets

Unlike the global financial crisis of 2008-09, the current disruption in the financial markets of emerging market nations was anticipated. The “taper tantrum” of 2013 revealed the precarious position of many of these nations, particularly those dependent on commodity exports. The combination of a slowdown in Chinese growth, collapsing stock prices and a change in the […]

The Gold Conundrum

(Or Why Gold Prices Have Different Short and Medium Term Trajectories) Not so long ago, gold rose to new highs. Recently, it has suffered the most challenging losses since 1999. The Fed’s rate hikes do not bode well for the gold in the near term, but what about in the medium-term? After climbing to US$1,206 […]

The Trans-Pacific Divisions

The White House’s effort to hammer the Trans-Pacific Partnership (TPP) agreement in Maui failed. As time is running out for President Obama’s legacy achievement, both Washington and Beijing are reassessing their options. Last week, Pacific Rim officials met on the island of Maui, Hawaii, to conclude the Trans-Pacific Partnership (TPP) agreement. In addition to trade […]

Curbing China’s Growing Narcotics Market

Drug syndicates are struggling to create a foothold in China. It’s time to fight back. If you like to take long walks in Shanghai, this may have been the first summer when you detected something new in the air: the scent of marijuana. It is a sad experience that leaves one apprehensive. Rising threat The […]

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