MENU

Governance & Regulation
Category Archive

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 others that has led to tax compliance properly becoming the norm, but …

Read More

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.

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

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

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: The Crisis of Trust in Democracy and

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: