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FINANCE & BANKING
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Brexit and the Banks: Fight or Flight?

April 9, 2017 • FINANCE & BANKING, Governance & Regulation, Special Focus on BrexitComments (0)

By Barbara Casu This article discusses the key implications of Brexit for the UK financial services industry, looking at the differences between: membership vs. access; passporting rights vs. equivalence principle; customs union vs. free trade agreement. While negotiations have yet to start, the attractiveness of London as the European finance capital has

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Currency Depreciation Can Save an Economy in Crisis

March 28, 2017 • GLOBAL ECONOMY, FINANCE & BANKING, Global Capital MarketsComments (0)

By Ivan Illán Amongst political and business leadership, there’s a popular bias that domestic currency depreciation and/or devaluation is negative for a nation’s economy. Instead, downward currency movements present a positive GDP benefit due to

Better Capitalised Banks Lend More and Lend Better

February 14, 2017 • FINANCE & BANKING, Governance & RegulationComments (0)

By Stephen G. Cecchetti & Kermit L. Schoenholtz Are higher capital requirements really a drag on economic growth? Many people seem to think so. We disagree. In this essay, we describe how better capitalised banks experience lower funding costs, and how

Tax Avoidance: Between Temptation and Trouble

February 14, 2017 • FINANCE & BANKING, Global Capital Markets, Governance & Regulation, Personal FinanceComments (0)

By Matthias Kasper and Erich Kirchler Fostering tax compliance is a key challenge for global politics.  Public revenues need to be protected, and confidence needs to be restored in a system that is deemed ineffective.   Conservative estimations indicate

Demonetisation: A Few Disturbing Questions

January 18, 2017 • GLOBAL ECONOMY, FINANCE & BANKING, IndiaComments (1)

By Pratip Kumar Datta and Saumya Chakrabarti In this article, the authors discuss the recent demonitisation policy introduced by the Indian government in November 2016, and what it means for the Indian economoy now, and in the future.   Demonetisation

India – Crime of the Century – Financial Genocide

January 15, 2017 • FINANCE & BANKING, EMERGING TRENDS, Capitalism in the 21st Century, Global Capital Markets, IndiaComments (0)

By Peter Koenig On 8 November, Narendra Modi, the Indian Prime Minister, brutally declared all 500 (US$ 7) and 1,000 rupee-notes invalid. The final goal is speedy global demonetization. Electronic money, instead of cash, allows the hegemon to control the

How the Rand Exchange Rate Volatility Affects the South African Economy?

December 1, 2016 • GLOBAL ECONOMY, FINANCE & BANKING, Global Capital Markets, Middle East & AfricaComments (0)

By Matthew Kofi Ocran While the South African rand has historically been characterised with high volatilities, the recent levels of gyrations of the currency, particularly against the US dollar has been quite unprecedented. How does this volatility affect

Japan and the Monetary Policy Magical Mystery Tour

December 1, 2016 • GLOBAL ECONOMY, FINANCE & BANKING, Asia - Pacific, Governance & RegulationComments (0)

By Richard Westra With 1970s galloping inflation threatening to bring down the US economy and with it the US dollar based global trading order, Milton Friedman proved correct in his policy advice that rapidly curtailing the money supply and restricting credit

Implications of Islamic Finance in Africa’s Socio-Economic Development

October 7, 2016 • FINANCE & BANKING, Governance & Regulation, Middle East & Africa, Responsible FinanceComments (0)

By Basheer Oshodi Africa, a continent which still feels the scars of slave trade, the wounds of colonialism and apartheid, the disaster of neo-liberalisation, and the proliferating neo-patrimonial governance structure. With unblemished evidence that the IMF

China’s International Renminbi Is Coming – Is Wall Street Ready?

September 29, 2016 • GLOBAL ECONOMY, FINANCE & BANKING, EMERGING TRENDS, China, Global Capital MarketsComments (0)

By Dan Steinbock                On October 1, the Chinese renminbi officially becomes the fifth international reserve currency. Until recently, Washington played geopolitics to defer the renminbi’s internationalisation. But what about Wall