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– Since December, when the US Federal Reserve began tapering its monthly purchases of long-term assets, emerging-market currencies have fallen across the board....
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– Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley. In this view, America’s ingenuity represents...
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– One definition of an emerging-market economy is that its political risks are higher, and its policy credibility lower, than in advanced economies. After...
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– Fish do not know they are in water. They take it for granted. They would need to get out of water to understand...
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– Public pension programs around the world are in financial trouble. Because of continuing increases in life expectancy, the number of eligible retirees is...
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– Once again, all eyes are on emerging markets. Long the darlings of the global growth sweepstakes, they are being battered in early 2014....
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– Bank of England Governor Mark Carney surprised his audience at a conference late last year by speculating that banking assets in London could grow to...
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– The US Federal Reserve is being widely blamed for the recent eruption of volatility in emerging markets. But is the Fed just a...
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– Markets can fail. But, as has been demonstrated in areas like air pollution, traffic congestion, spectrum allocation, and tobacco consumption, market mechanisms are...
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– Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth...