Editorials Sep 13, 2018
We may soon discover how well we learned the lessons of the Lehman shock.
We may soon discover how well we learned the lessons of the Lehman shock.
The rise of state capitalism 2.0
The fall of the Berlin Wall almost 30 years ago represented a high-water mark in the retreat of the state from the global economy, signaling a defeat of socialist economics virtually worldwide. From dirigiste France to communist China, countries with widely divergent economic models ...
Japan, savings superpower of the world
Japan's renaissance as the world champion surplus saver and source of financial capital is a key consequence of Abenomics and the domestic economic recovery.
Emerging vulnerabilities in emerging economies
For many emerging economies, it is imperative to pursue a rebalancing of growth patterns, with a more active approach to managing debt and capital flows and their effects on asset prices, exchange rates, and growth. Otherwise, the dangers of unsustainable growth patterns will bring ...
Still arguing over the Lehman collapse
Paulson et al. still claim they did all that could be done to save the troubled firm.
Global trade in 2017 grew 10.5 percent from the previous year to $17.32 trillion, marking the first rise in three years due to higher energy prices and robust demand for semiconductor-related products, according to a report by a Japan trade body released Monday. The world's ...
The debt shackles return despite global expansion
Global growth is accelerating, but before we break out the champagne we should acknowledge the long-term risks to sustained expansion.
The 2018 outlook for major central banks
The biggest risk to asset prices and the global economy would be if the most powerful institutions reduce their monetary stimulus at the same time.
Central bankers today must figure out how to end and reverse quantitative easing without triggering the effects they sought to avoid nearly a decade ago.
Did quantitative easing do any good?
QE probably helped end the Great Recression, though we'll never know for sure.
China's invisible influence on global economics
Trumping the international monetary system
Market optimism about U.S. growth could lead to ever-larger imbalances and possibly disrupt the international monetary system.