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CAMBRIDGE – Why has the US Federal Reserve’s policy of quantitative easing been so much more successful than the version of QE implemented by...
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CAMBRIDGE – Why has the US Federal Reserve’s policy of quantitative easing been so much more successful than the version of QE implemented by...
The European Central Bank (ECB) has ramped up its asset purchase programme to the tune of €360bn (£257bn), its president Mario Draghi announced today....
BRUSSELS – Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008...
LONDON – In 1993, the economists Alberto Alesina and Larry Summers published a seminal paper that argued that central bank independence keeps inflation in...
The International Monetary Fund’s acknowledgement that Greece’s debt is unsustainable could prove to be a watershed moment for the global financial system. Clearly, heterodox...
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EVERYBODY HAS already voiced his (or her) opinion on the Greek crisis, whether he (or she) has an opinion or not. So I feel...
A deal between Greece and its creditors might not happen. Several factors are in flux; Greek and northern European interests are not aligned; and...
FXCM: Investors are likely to exit European assets and seek safe haven in the US dollar.
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out...