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FINANCE & BANKING
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How the Great Moderation Became a (Contained) Depression and What to Do About It

March 14, 2013 • GLOBAL ECONOMY, FINANCE & BANKING, Capitalism in the 21st Century, Governance & RegulationComments (0)

By Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield The Great Recession was deep and the subsequent recovery has been slower than most economists predicted. This article summarizes the message of a recent book that presents perspectives from a group of Keynesian economists, who warned prior to 2007 of dangerous trends that could lead …

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Mortgage Lending Solutions for Troubled Markets

March 14, 2013 • GLOBAL ECONOMY, FINANCE & BANKING, SPECIAL FEATURES, Global Giants, Personal Finance, Unprotected PostComments (0)

By Anna DeSimone Creation of wealth began with farmers who planted something into the land and earned income from harvesting food. Others created wealth from something taken from the ground, such as oil, coal and other minerals. In many countries around the

Can Financial Innovations Mitigate Civil and Ethnic Conflict?

March 14, 2013 • GLOBAL ECONOMY, FINANCE & BANKING, Editor’s Choice, Americas, Asia - Pacific, Banking Innovation, Unprotected PostComments (1)

By Saumitra Jha The failure to align the incentives of self-interested groups in favor of beneficial reform is often considered a major cause of civil conflict and persistent underdevelopment around the world. However, much less is known about strategies that

Macro-Prudential Supervision in Europe’s Banking Union

January 14, 2013 • GLOBAL ECONOMY, Europe, Governance & RegulationComments (0)

By Dirk Schoenmaker Eurozone banking union discussions are full of questions about the scope of Eurozone micro-prudential bank supervision. Yet, this article argues that there is surprisingly little debate on the macro-prudential supervision that is necessary

Transfer Pricing Update: New discussion draft issued by OECD

November 14, 2012 • GLOBAL ECONOMY, SPECIAL FEATURES, Americas, Europe, Governance & Regulation, Unprotected PostComments (0)

By Les Secular The OECD has issued an updated Discussion Draft on “The Interpretation and Application of Article Permanent Establishments (‘PE’) – of the OECD Model Tax Convention”. This latest Draft follows consultations on its previous draft

Fiscal Child Abuse American Style

September 16, 2012 • GLOBAL ECONOMY, FINANCE & BANKING, World Politics, Americas, Governance & RegulationComments (0)

By Laurence Kotlikoff & Scott Burns President Kennedy said, “Our problems are man-made.  Therefore, they may be solved by man.” Looking at America’s current horrendous fiscal situation, one might well add, “Man’s solutions have become his

Why Transfer Pricing is Key to Decision Making and Strategic Reviews

September 16, 2012 • FINANCE & BANKING, BUSINESS & INNOVATION, SPECIAL FEATURES, International Law, Global Giants, Unprotected PostComments (0)

By Les Secular This article looks at how Transfer Pricing can impact the bottom line on financial statements, particularly in the current global economic climate, and why management should consider transfer pricing when setting their strategy for the future

Dividends – Everything you know is wrong!

September 16, 2012 • GLOBAL ECONOMY, FINANCE & BANKING, SPECIAL FEATURES, Global Giants, Europe, Global Capital Markets, Unprotected PostComments (0)

By David Hogarty The world is constantly changing. We see it all the time. Yesterday’s league leaders become today’s relegation battlers. Alternative misfits become mainstream celebrity icons. What were once rich mines of natural resources dry up, while

Asset Price Bubbles: Lessons From The Recent Financial Crisis

September 16, 2012 • GLOBAL ECONOMY, BUSINESS & INNOVATION, Capitalism in the 21st Century, Americas, Europe, Global Capital Markets, Governance & RegulationComments (0)

By Douglas Evanoff, George Kaufman & Anastasios G. Malliaris The successful performance of the U.S. economy during the ‘Great Moderation’ period of 1984 to 2006 appeared to have offered both the economics profession and policymakers the assurance that

Keynes, Kant and Capital Flows

July 16, 2012 • GLOBAL ECONOMY, FINANCE & BANKING, Capitalism in the 21st Century, In-depth, Global Capital Markets, Unprotected PostComments (0)

By Oliver Bush This is an abridged and altered version of Bush, O, Farrant, K and Wright, M (2011), ‘Reform of the International Monetary and Financial System’, Bank of England Financial Stability Paper no. 13. You might also like: Decrypting The Aspiring