Finance

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Snapshot,
Tom Keatinge
In recent years, U.S. and European officials have aggressively targeted terrorist financing networks. Those efforts have come at a high cost, restricting access to the financial system and pushing more cash into the shadows.

Snapshot,
Arvind Panagariya

As the euphoria associated with Narendra Modi’s extraordinary victory gives way to the duties of the office, the new prime minister must start delivering on his economic promises. Here's how he can do it.

Essay, 2014
Benn Steil

In today’s dollar-dominated financial system, changes in U.S. monetary policy can have immediate and significant global effects, wrecking economies and toppling regimes. As a result, for many countries monetary sovereignty is nothing but a dream.

Snapshot,
Wojciech Kopczuk and Allison Schrager

There’s limited evidence that wealth inequality has actually worsened in the United States in the last 30 years. And, even if it does eventually get worse, imposing a tax on wealth is a terrible way to promote equality. It would actually benefit the super wealthy the most.

Snapshot,
Nate Schenkkan

Sanctions might not stop Russia's destabilization of Ukraine, but Western policymakers should embrace them for another reason: because they can put a nail in the coffin of the project that started the Ukraine crisis to begin with -- Eurasian integration.

Snapshot,
Jonathan Hopkin and Mark Blyth

Wealthy Russian expats seem to wield substantial influence over the British government's approach to the Ukraine crisis, which points to the outsized role that such super-rich play in British politics. But all that foreign money reveals deep structural weaknesses in the British economy.

Snapshot,
Tom Keatinge

Since 2011, FATF, the international body charged with developing policies to combat money laundering and terrorism financing, has had Turkey on its gray list of high-risk and non-cooperative jurisdictions. Here's why.

Comment, Mar/Apr 2014
Jake Kendall and Rodger Voorhies

Most of the world’s poor lack a basic savings account, but the humble cell phone may change all that. Thanks to mobile finance, banks can now offer critical services to more people and in more places than ever before, helping them escape poverty for good.

Snapshot,
Piotr Zalewski

Many market watchers were relieved when Turkey's central bank recently raised its lending rate. Turkey's prime minister was not one of them.

Snapshot,
Philip Shishkin

In just a few short years, Eugene Gourevitch has gone from Kyrgyzstan's premier financier and confidant of the ruling family, to wanted man, to FBI informant. His story shows just how business gets done in many corners of the post-Soviet world.

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