Showing 1 - 10 of 11
Dollar at risk of being left behind
News, Jay Pelosky, Published on 04/08/2025
» Europe and Asia could leverage US President Donald Trump's "America First" strategy for their own benefit, eventually spurring the development of regional tripolar FX blocs that could erode the dominance of the US dollar and reshape global markets.
Pushing banks towards green finance
News, Sarinee Achavanuntakul, Published on 02/10/2024
» In an earlier article in this space, I mentioned that "the Bank of Thailand should integrate [Thailand] taxonomy into its reporting and disclosure regulations for the financial sector, as the EU has done, because the public scrutiny of activities in the banking sector can and should be part of the learning process on the journey towards greener finance".
2% inflation targets wiggle room
News, Mike Dolan, Published on 11/06/2024
» This week's milestone G7 interest rate cuts dispel any notion that hitting 2% inflation targets spot on is a precondition for central bank moves or indeed sensible -- and may guide thinking on the Federal Reserve and Bank of England too.
Thailand wants faster inflation
News, Daniel Moss, Published on 06/06/2024
» It's hard to find a leader anywhere these days who will argue the case for faster inflation. Politicians would rather drink hemlock than call for a renewed acceleration; they are often too busy nodding sympathetically at what their opponents call a cost-of-living crisis. But there is a kingdom where calling for more elevated prices, sooner, isn't off limits. In fact, the government embraces the concept.
The risk of competitive rate hikes
Oped, Shang-Jin Wei, Published on 21/09/2022
» The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.
Central banking must go green
Oped, Megan Greene, Published on 20/09/2022
» Just as there is no question that climate change brings enormous economic and financial risks, there should be no question that central banks can and must play a role in addressing this mother of all market failures. As central banks in the United States and Europe tighten credit to regain control of inflation, they should also use their supervisory and monetary-policy tools to catalyse and incentivise the transition to a carbon-neutral economy. Inaction is not an option, even if most central banks have not officially incorporated climate-risk management into their mandates.
How to prevent developing country debt crises
Oped, Hippolyte Fofack, Published on 05/08/2022
» Since the Latin American debt crisis of the 1980s, sovereign-debt crises have become a regular occurrence for emerging and developing economies. Today, Sri Lanka needs a bailout from the International Monetary Fund (IMF) after defaulting on its foreign debt in May, and a growing number of low-income countries are facing similar challenges.
The threats to recovery are many
News, William R Rhodes & Stuart PM Mackintosh, Published on 08/03/2021
» Over the past year, rich-country governments and central banks have provided unprecedented fiscal and monetary stimulus to help mitigate the economic impact of the Covid-19 pandemic. Getting back to economic normalcy -- whatever modified form that takes in 2021 and 2022 -- will require advanced economies to start weaning themselves off official support before too long, and thereby avoid dangerous new complications.
How Covid-19 disrupted the EU's integration
Oped, Melvyn Krauss, Published on 03/12/2020
» The second wave of Covid-19 infections has struck Europe harder than many expected. The hope of a V-shaped recovery has been replaced by the fear of a double-dip recession, implying that there will be no quick return to normal European Union budget rules. More worryingly, Europe now finds itself forced into a tradeoff between two objectives, both of which are critical to its long-term viability as a supranational political and economic bloc. Now more than ever, the EU's commitment to the rule of law appears to be on the chopping block.
ING penalty puts Europe's laundering controls on spot
News, Toby Sterling & John O'Donnell, Published on 06/09/2018
» When Dutch prosecutors trawled through ING's books they found a "women's underwear trader" had been able to launder €150 million (5.7 billion baht) through the bank's accounts without ringing alarm bells.