financial markets
Reports on financial markets See all →
Which Fed monetary policy ‘normalization?’
Should policies centered on more broadly defined money supply replace central bankers’ traditional preoccupation with interest and inflation rates? Is there a way to tame overregulation in the financial sector while making it more stable, more durable and more squarely based on entrepreneurial responsibility? Such changes may be possible – if a regulatory paradigm shift takes place.
2019 Global Outlook: Another year near zero
It has been a decade since global interest rates reached the zero lower bound, where monetary policymakers lose their ability to stimulate the economy using conventional policy tools. Among the largest global central banks, only the United States Federal Reserve has set its benchmark above 2 percent. Will this anomaly ...
2019 Global Outlook: The economy we left behind
2018 was not a bad year for the world economy, and 2019 should be only a little worse. Consistent with our forecasts, last year brought no disasters: no recession in the West, no major slump in China, no public finance crisis in Europe or global trade wars. Instead, there was ...
Real economies and financial markets: Outlook for 2019
Financial markets are hesitant, as many sources of concern pile up on analysts’ desks. This report argues that the future of the world economy depends on three sets of variables: policymakers’ ability to adjust to the end of generous monetary policies and profligate fiscal practices; their willingness to recognise the ...
From regulation to supervision – the trajectory of MiFID II
The European Union’s ambitious attempt to re-regulate the financial industry (MiFID II) took effect this year. Companies are struggling to meet its complex disclosure requirements, which can only be met by powerful and costly IT solutions. Early experience suggests MiFID II is so unworkable that it may soon have to ...
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