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Global Capital Markets
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Financial Oligarchy vs. Feudal Aristocracy

March 25, 2016 • GLOBAL ECONOMY, FINANCE & BANKING, EMERGING TRENDS, Capitalism in the 21st Century, Global Capital MarketsComments (1)

By Ismael Hossein-zadeh and Anthony A. Gabb In this article the authors explore how modern capitalism mirrors the feudal system of centuries ago where today, the banks are the feudal lords, and the general public play the part of peasants. You might also like: Insurtechs: Threat or Opportunity for Insurance Incumbents? Singapore as an ASEAN …

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From Hyper-Finance to Secular Stagnation & Mass Unemployment

March 25, 2016 • GLOBAL ECONOMY, FINANCE & BANKING, EMERGING TRENDS, CRITICAL ANALYSIS, BUSINESS & INNOVATION, Capitalism in the 21st Century, Global Capital Markets, Governance & Regulation, World DevelopmentComments (1)

By Michel-Henry Bouchet and Robert Isaak In this article, the authors advocate policies to counter the decoupling of finance from the real economy of productive job-creation resulting from short-term global hyperfinance and misguided government regulations:

Should Economists Care About Ethics?

March 25, 2016 • FINANCE & BANKING, Global Capital Markets, Governance & Regulation, Responsible FinanceComments (0)

By  Jonathan Wight Whether conscious of it or not, economists rely on ethical norms and principles to carry out research and to inform policy choices. Economic efficiency, for example, is a powerful ethical concept, yet can be misapplied, as Jonathan Wight

Luxury Taxation, Good for Economic Development?

March 25, 2016 • FINANCE & BANKING, CULTURE & LIFESTYLE, Europe, Global Capital Markets, Governance & Regulation, Personal FinanceComments (1)

By Patrick Imam Developing countries are struggling to mobilise resources to finance social and infrastructural development. The author argues that one avenue is to tax luxury goods more heavily, which could simultaneously tackle inequality and spur

Where Have All the American Banks Gone?

December 1, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Americas, Banking Innovation, Global Capital Markets, Governance & RegulationComments (0)

By Robert E. Wright and Richard Sylla With the evolution of banking over the years, many banks have flourished and declined in America. It has piqued our curiosity what happened to them, did they get absorbed by larger banks or go bankrupt? Robert Wright and

Making Renminbi a World Currency would not be Bad for Euro

December 1, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, China, Dan Steinbock, Europe, Global Capital MarketsComments (0)

By Dan Steinbock The International Monetary Fund (IMF) will decide this month whether to make the Chinese Renminbi the fifth international reserve currency. For the Euro, that would not be a win or lose game. You might also like: Insurtechs: Threat or

Approval of Inclusion of China’s RMB in SDR Basket, Important Milestone: IMF Chief

December 1, 2015 • FINANCE & BANKING, China, Global Capital Markets, VideosComments (0)

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Interview with Dan Steinbock on the Chance of the RMB to Join the SDR Basket

October 27, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Columns, China, Dan Steinbock, Global Capital Markets, Top CFO/Financial Director InterviewsComments (0)

1. In your opinion, what is the chance of the RMB to join the SDR basket this year? Has it met all the criteria? What is the biggest barrier preventing it from joining? You might also like: Insurtechs: Threat or Opportunity for Insurance Incumbents? Singapore

The Fallacy of Measurement

September 30, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Global Capital Markets, Governance & RegulationComments (0)

By Mark Esposito and Terence Tse  In the past two decades, the number of performance indices has proliferated substantially. There are good reasons why performance indices have blossomed: they catch attention and they make information easily

Regulation and Culture Change in Banks

September 30, 2015 • FINANCE & BANKING, EMERGING TRENDS, CULTURE & LIFESTYLE, Editor’s Choice, Banking Innovation, Global Capital Markets, Governance & Regulation, Unprotected PostComments (0)

By John Mellor Responses from regulators to the failures in bank governance and standards of conduct revealed by the crisis of 2007-2008 will fall short of what is needed to restore credibility and trust in financial services. Besides regulation, a change in