Finance

Refine By:
Snapshot,
Dan Steinbock

Beijing recently launched an estimated $160 billion deal, in which local governments’ risky debts will be replaced with low-interest municipal debt. The change heralded a huge shift in ongoing efforts by Chinese reformers to shore up the country's economy.

Essay, 2015
Andrew Palmer

Wall Street may have helped engineer the economic crash of 2008 through its incessant experimentation, but not all familiar practices are safe and not all financial innovation is evil. The challenge is promoting innovation that helps improve lives and economic prospects rather than undermining them.

Postscript,
Stathis N. Kalyvas

Talk of overturning austerity aside, Greece still needs the last 7.2 billion euro installment of the bailout to cover its financing gap. For the time being, then, the new government will need to abide by the program’s requirements—that is, the very combination of austerity and reform that Syriza has pledged to overturn. This may be enough to break the party.

Snapshot,
Paul Gillis

In September, Alibaba Group launched the largest IPO in history, raising $25 billion from investors keen to own a slice of China’s most successful e-commerce company. For the moment, the potential for vast wealth overrode concerns about the unusual corporate structure and governance practices of Alibaba and firms like it. Maybe it shouldn’t have.

Snapshot,
Nicholas Spiro

Fed policy is once again revealing which emerging markets have strengthened their defenses against a tightening in U.S. monetary policy and which remain vulnerable. For its part, Turkey is firmly in the latter camp.

Snapshot,
Matt Mossman

In recent years, Occupy Wall Street hasn’t been the only group worried about how the spoils of economic growth have been distributed. Governments worldwide increasingly share the sentiment: like the pinched middle classes, they feel that corporations are taking too much of the profits for themselves. Here's the OECD and G-20's plan to get them to pay more.

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, JUL/AUG 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.

Syndicate content