Showing 1 - 3 of 3
Three pillars of policy tightening by central banks
Business, Paul Donovan, Published on 27/10/2014
» Central bank policy is already being tightened. The problem is that in the world after quantitative policy, central bank policy can no longer be represented by a simple interest rate line on a chart. Policy has become more complex, and that complexity is something that markets seem to overlook. Central bank policy now rests on three pillars, and tightening in any of these three policy areas will restrict economic activity.
Why the Fed is not worried by emerging market moves
Business, Paul Donovan, Published on 05/03/2014
» Several emerging market central banks have been forced to react to market events already this year. Interest rate increases in India, Turkey and South Africa followed bond or currency market volatility. Argentina has endured dramatic moves in its currency, and Brazil has been forced to tighten policy.
What the euro means for Asia
Business, Paul Donovan, Published on 21/02/2012
» The euro should not exist. In a perfect world (run by economists) the euro would never have been created. Sadly, however, the world is not perfect _ and it is run by politicians. The result is an entirely dysfunctional monetary union.