MADRID – Economic globalization, together with a rebalancing of power between the world’s north and south, has made developing countries, an…
WASHINGTON, DC – For three decades, financial globalization had seemed inevitable. New information technologies made it possible to conduct …
ROME – More than four decades ago, the world’s wealthiest countries pledged that at least 0.7% of their GDP would be devoted to official dev…
TOKYO – Japanese Prime Minister Shinzo Abe’s program for his country’s economic recovery has led to a surge in domestic confidence. But to w…
WASHINGTON, DC – Financial reform in the United States and worldwide hangs in the balance. The problems that brought us the terrible crisis …
CAMBRIDGE – In a recent commentary, I examined whether increasing pressure from more rapid stock trading is inducing corporate managers to o…
TOKYO – Some prominent institutional bond investors are shifting their focus from traditional benchmark indices, which weight countries’ deb…
LONDON – When Mark Carney replaces Mervyn King as Governor of the Bank of England in July 2013, the world will be deprived of King’s witty p…
NEW DELHI – Many economists are advocating for regulation that would make banking “boring” and uncompetitive once again. After a crisis, it …
BRUSSELS – A financial crisis erupts when a large volume of assets in the financial system suddenly appears to be risky and investors want t…