Friday, April 18, 2014
  1. Rank Mysteries

    Howard Davies

    Rank Mysteries


     attempts to decipher a recent ranking of global financial centers.

    Newsart for Rank Mysteries fantomdesigns/flickr

    The release of the latest Global Financial Centres Index (GFCI), published by the consultancy Z/Yen in London, shows stability at the top of the table and volatility below. But do such rankings really contain valuable insights into how the global financial system is evolving? READ MORE

  2. Losing Interest

    Barry Eichengreen

    Losing Interest


     examines competing explanations for three decades of decline in real interest rates.

    Newsart for Losing Interest

    Two of the world’s most prominent economic institutions, the IMF and Larry Summers, recently warned that the global economy may be facing an extended period of low interest rates. Why is that a bad thing, and what can be done about it? READ MORE

  3. Sentiment and Sensibility in Emerging Markets

    Laura Tyson
  4. A Healthy Path to Chinese Consumption Growth

    Martin Feldstein
  5. Self-Insurance or Self-Destruction?

    Gene Frieda

    Self-Insurance or Self-Destruction?


     on the vicious cycle of monetary-policy spillovers and excessive foreign-reserve accumulation.

    Newsart for Self-Insurance or Self-Destruction? MyeyeSees/Flickr

    Though the Federal Reserve is turning a blind eye to the spillover effects of its monetary policy, the impact on emerging economies has been profound. Will the foreign reserves that these countries have built up in recent years prove adequate to protect their financial systems, as liquidity flows back toward developed economies? READ MORE

Focal Point

Cold War II?

223 pages
223 pages

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