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Governance & Regulation
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Why We Need to Reform Financial Regulation

January 25, 2018 • FINANCE & BANKING, Governance & RegulationComments (0)

By Markus Demary The US Republican Party plans to repeal the Obama-era financial regulation. While their approach will bring regulatory relief to financial firms, it will also increase the risks of financial crises. Introducing regulatory relief through a small banking box would be a better way of making the financial system more efficient.   Reforming

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A Review of Central Bankers at the End of Their Rope By Dr. Jack Rasmus

January 20, 2018 • FINANCE & BANKING, SPECIAL FEATURES, Book Review, Commentary, Governance & RegulationComments (0)

By Lawrence Souza   Introduction If you talk to some monetary, fiscal, macroeconomic, and financial institutional and capital market economists, some would argue that Central Banks are at the end of their rope; have lost their credibility and risk losing

Telesur: The Real Causes of Deficits and the US Debt

December 9, 2017 • Governance & Regulation, On Donald Trump AdministrationComments (0)

By Jack Rasmus   With the Senate and House all but assured to pass the US$4.5 trillion in tax cuts for businesses, investors, and the wealthiest 1 percent households by the end of this week, phases two and three of the Trump-Republican fiscal strategy

Will Central Banks Survive Mid-21st Century?

September 17, 2017 • FINANCE & BANKING, Governance & RegulationComments (0)

By Jack Rasmus The global economy has its eyes on the gathering of central bankers at Jackson Hole, Wyoming. In this article, Dr. Jack Rasmus comprehensively elaborates on the central banks’ nine-year experiment, its inevitable transformation, and

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

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 that

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