monetary policy
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After the Great Fear: The EU’s Sibiu agenda
EU leaders heaved a sigh of relief after May’s European Parliament elections when the much-feared populist wave failed to rock the boat. Yet at most, they have gained a little time. Judging by the tone of the informal summit held in Sibiu, Romania, the EU’s new leadership will favor old narratives over new strategies.
The debt problem ignored
The world has grown addicted to ceaseless injections of new money, which can only be generated by incurring debt. As relentless fiscal expansion continues on both sides of the Atlantic, politicians have no long-term plan for dealing with the crushing liabilities it generates. A financial meltdown can be delayed for ...
GIS Dossier: El-Sisi’s Egypt
Since coming to office in 2014, Egyptian President Abdel-Fatah El-Sisi has offered his country a mixed bag. He has brought stability and economic growth but cracked down on political opposition and dissident voices. Shunned by the West at first, he turned to Russia for support. Now, with a new administration ...
The European Central Bank – independent and unaccountable?
Since its creation in 1998, the European Central Bank has earned a reputation as one of the world’s most independent monetary policy authorities. Unlike its peers, the ECB has no fiscal counterpart pressuring it to manipulate interest rates. Yet as the scope of its activities and global influence have expanded, ...
What’s wrong with the renminbi exchange rate?
Prospects for a U.S.-China trade deal now seem to be hanging by a thread. Even before the most recent disagreement, however, the Trump administration had already begun drawing attention to a new question: whether China had been engaging in protectionism by manipulating its currency. But the administration’s argument reveals confused ...
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