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Governance & Regulation
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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 creation would halt the rot. But as Japan is painfully discovering, monetarist faith that …

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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

Why Have Politicians Abandoned Economic and Financial Policies to Non-Elected Bankers?

June 6, 2016 • FINANCE & BANKING, EMERGING TRENDS, Capitalism in the 21st Century, Global Capital Markets, Governance & RegulationComments (1)

By Rodrigue Tremblay Since 1999, non-elected bankers have been in charge of economic policy in the US and other countries, with questionable results. Are we on the verge of a new financial crisis? You might also like: Demonetisation: A Few Disturbing

Rejuvenating the European Economy: The Role of Islamic Finance

May 26, 2016 • FINANCE & BANKING, SPECIAL FEATURES, Editor’s Choice, Banking Innovation, Europe, Governance & Regulation, Responsible FinanceComments (0)

By Sohail Jaffer Commenting on the sharp decline in European banks’ share prices in the early weeks of 2016, which it described as a “concern”, the IMF advised that “a robust banking sector is required to support investment and economic recovery.”

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

Ethics in Finance: Why is it such a problem?

December 1, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Capitalism in the 21st Century, Banking Innovation, Governance & RegulationComments (0)

By John Hendry Despite the best efforts of all concerned, the financial sector continues to have a bad reputation for illegal and unethical behaviour and to be more prone to ethical lapses than other business sectors. John Hendry explores why this should be,

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