monetary policy
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Argentina: Again on the brink of default
Under President Mauricio Macri, Argentina has fallen into economic crisis once again. Last month, Argentines elected a new president, Alberto Fernandez, with former President Cristina Fernandez de Kirchner as his running mate. To end the downward spiral, Mr. Fernandez will have to deftly navigate a complicated political scene and overcome stubborn economic challenges.
GIS Dossier: Monetary policy stood on its head
Unconventional monetary policies saved many financial institutions in the U.S. and Europe after the financial crisis. However, near-zero to negative interest rates and central banks’ massive debt-purchasing programs, which pumped trillions of dollars and euros into economies, failed to restore growth and have had potent, negative and lasting side-effects. Relaxing ...
U.S. economy awaits the next moves by Powell and Trump
U.S. Federal Reserve Chairman Jerome Powell worries that the Trump administration’s trade dispute with China is hamstringing the American economy. President Donald Trump believes a more aggressive monetary policy is necessary. Both men want to burnish their image and consolidate their power. To do so, they may make moves that ...
Low interest rates: How long will savers be penalized?
Low, near-zero and negative interest rates around the world are depriving savers of potential earnings. Just a couple of years ago, it seemed as if a normalization of interest rates was on the horizon. Now, however, economic and political realities portend a “low-for-long” scenario. In fact, central bankers – in ...
The euro and the German constitution
Two legal challenges to the EU central bank’s most controversial policies have been working their way through Germany’s Federal Court of Justice, the country’s supreme court equivalent. In one of the cases, the justices in Karlsruhe already ruled that the authority of the EU Banking Union ought to be limited. ...
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