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FINANCE & BANKING
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Hedge Funds: Past, Present, and Future

June 4, 2017 • FINANCE & BANKING, Global Capital MarketsComments (0)

By H. Kent Baker and Greg Filbeck “Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.” Jack Reed   During the past few decades, hedge …

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Islamic Finance in Kazakhstan – The Future Hub of Islamic Finance in the Central Asia

June 3, 2017 • Responsible FinanceComments (0)

By Mamunur Rashid  According to Malaysia Islamic Finance Marketplace, Zawya Islamic and Thomson Reuters, Islamic finance has been growing at a double-digit rate since the start of the new millennium.  In this article the author discusses the potential of

When Waqf meets Banks

May 30, 2017 • FINANCE & BANKING, Banking Innovation, Personal Finance, Responsible FinanceComments (0)

By Ebi Junaidi Global economy has been leaning toward innovations focussed in achieving sustainability. Ebi Junaidi promotes the age-old Waqf “movement” established by the Muslims. The Waqf system, with its philanthropic nature, does not only motivate

Developments in Global Tax Transparency and the Need for Effective Dialogue Part 2

May 26, 2017 • FINANCE & BANKING, Governance & Regulation, Personal FinanceComments (0)

  By Philip Marcovici This is Part Two of the article. Part One introduced the topic of tax transparency, and the global move towards automatic information exchange. Part One discussed some of the many abuses of bank secrecy by legacy private banks and

Developments in Global Tax Transparency and the Need for Effective Dialogue Part 1

May 24, 2017 • GLOBAL ECONOMY, FINANCE & BANKING, Personal FinanceComments (1)

By Philip Marcovici This is Part One of the article, and Part Two will be published in the next edition of the World Financial Review Tax compliance is one of the many challenges different nations are facing. When we think of wealth owners “hiding” their

From State of Exception to Anti-Coup Dictatorship in Erdoğan’s Turkey  

May 17, 2017 • GLOBAL ECONOMY, World Politics, Governance & Regulation, Middle East & AfricaComments (0)

By Volga Can Ozben and Richard Westra Volga Can Ozben and Richard Westra maintain Turkey under Recep Tayyip Erdoğan as a poster case for the modern state of exception. This is a condition where constitutional and legal provisions in democracies, designed to

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.

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