When a bank fails in the United States, questions about who is to blame are often directed at many different regulatory agencies, because the system is complex and hard for outsiders to understand. In the wake of the collapse of Silicon Valley Bank, the case for an overhaul could not be stronger.
laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.
Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
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.
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伦敦 ——
俄国讽刺作家米哈伊尔·萨尔蒂科夫· 谢德林 曾经戏称,世界上存在着不同类型的事实:“既有令人舒适的事实,也有令人感到不便的事实,另外还存在着根本并非实情的事实。”
当我们步入 2010 年时, 世界经济的戏剧性下滑已经停止、而复苏也已开始的事实令人感到舒适;而这种复苏仍然脆弱的事实,就会令我们感到不便;此外,关于今后十二个月的复苏之旅将会一帆风顺的说法,则属于那种并非实情的事实。与这种判断正好相反,我们仍将面临严峻的挑战,而且我们必须将解决这些挑战视为当务之急。
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