Developing and emerging countries are not just driving the global economy, in fact they are reshaping the approach of central banking by systematically expanding the central banks role of ensuring national financial soundness and stability, to include new technology, consumer empowerment, and financial inclusion. The approach is getting results.
For months, the world looked on as Turkish President Recep Tayyip Erdoğan attempted to reverse the outcome of the city's municipal election. But now that Erdoğan's party has been defeated once again (and massively so this time around), his fundamental weakness has been exposed – as has that of populist authoritarians everywhere.
Hong Kong’s Chief Executive Carrie Lam is lonely and beleaguered following huge protests against a deeply unpopular extradition law. To ease tensions in the city, Lam should announce that the proposed law is dead, and launch an open and independent inquiry into police activity during the protests.