If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
Although Silicon Valley Bank was not deemed to be systemically important, its insolvency forced the US Federal Reserve to head off systemic contagion and exposed the inadequacy of the FDIC’s partial deposit insurance regime. The financial-stability framework adopted after the 2008 crisis obviously needs another overhaul.
considers what the bank’s failure should mean for the current financial-stability framework.
洛美—非洲拥有全世界最年轻、增长最快的人口。未来三十年,每年都会有多达2,000万年轻人加入劳动力,非洲面临着改变本地和全球增长平衡的机会:就业。但这绝非定局。
非洲国家要想利用这一人口红利,未来劳动力就必须接受教育和训练,并拥有充足的就业机会。同时满足这些条件绝非易事。
现时代是全球经济的不确定时代。美国与中国之间的贸易紧张威胁着全球价值链的完整性,即将发生的英国退欧有可能导致更大的破坏。国际货币基金组织(IMF)在其10月份的预测中警告说,随着历史性的经济引擎的熄火,今年和明年全球增长可能下降至3.7%,较此前的预测降低0.2个百分点。
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