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The question is not whether but when the U.S. Federal Reserve will start
to shrink its bloated balance sheet. Just as quantitative easing was a
departure from conventional monetary policy, its withdrawal will be a massive economic
experiment. Unintended consequences are to be expected.
Dr. Emmanuel Martin
The year has not started well for global financial markets. Undoubtedly, one reason that stocks have slumped is that the United States Federal Reserve under Janet Yellen has started to raise interest rates and signaled that more hikes are coming. The hawkish stance of Ms. Yellen’s Fed not only risks derailing the U.S. eco...
The euro’s value on international markets has risen against the dollar recently and it could go higher if Europe offers stability and the chance for economic growth. But investment in European business could spell danger for those companies which are not on top of their game with new technology and prepared to face international competition.
Professor Enrico Colombatto
Political squabbling took America to the brink of a government shutdown. While the issue was resolved at the last minute, it damaged America’s reputation as a safe haven in times of financial crisis. But what is worse is that the US seems to be learning some bad financial lessons from Europe.
<i>The American governm...
Central banks in America and Europe have failed to deliver policies to relieve the world financial crisis. While they have printed money to buy time for the crisis to pass, politicians have wasted it by failing to implement spending cuts and structural reforms while waiting for a central bank magic wand.
International courts, organisations such as the European Commission and central banks are now so powerful that there is a danger that they can overrule democratic decisions, especially in weaker countries. The major powers are not affected, but at both legal and economic levels, poor national government policies are leading smaller nations into a new form of coloni...