Wednesday, October 22, 2014
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BRICS leaders 2014
Business & Finance 3

Banking on the BRICS

For the leaders of the BRICS countries, the announcement in July of their agreement to establish a “New Development Bank” and a “Contingent Reserve Arrangement” was a public-relations coup. The NDB… read more

Jeremy Stein
Business & Finance 2

Leaners of Last Resort

With Jeremy Stein’s return to his academic post at Harvard at the end of May, the US Federal Reserve Board lost its leading proponent of the view that monetary policy should be used to lean against… read more

Newsart for Europe’s Crisis Treadmill
Economics 3

Europe’s Crisis Treadmill

The supposed experts who predicted the imminent disintegration of the eurozone have been proved wrong. But it is equally likely that those now declaring that the crisis is over will be proved wrong… read more

Newsart for Losing Interest
Business & Finance 13

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… read more

Newsart for Yuan Dive?
World Affairs 0

Yuan Dive?

Since December, when the US Federal Reserve began tapering its monthly purchases of long-term assets, emerging-market currencies have fallen across the board, with the Chinese renminbi recently… read more

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