Showing 1 - 10 of 22
Why gold matters in a changing world
Oped, Chartchai Parasuk, Published on 13/11/2025
» After reading my previous article, "Thailand has become the sick man of Asean", a good friend asked me what would happen to the Thai economy after becoming the sick man?
Will the global economy stall?
News, Eswar Prasad and Caroline Smiltneks, Published on 21/04/2025
» The timing could hardly have been less propitious. Just as the world economy was showing signs of stabilising, the odds of a policy-induced global recession have risen significantly. The latest update to the Brookings-FT Tiger index reveals a mixed picture, with the financial index declining and private-sector confidence crumbling even as macroeconomic data (which lag the other indicators) suggest a more benign scenario.
The effects of Trump's Ukraine deal
News, Gene Frieda, Published on 24/02/2025
» At the end of World War I, John Maynard Keynes was part of the British delegation to the Paris Peace Conference, where the victorious Allies dictated the peace terms for the defeated Central Powers. He emerged from the conference distraught. As he subsequently wrote in The Economic Consequences of the Peace, delegates' focus on short-term political considerations, including the desire to "punish" Germany for its aggression, would come at the cost of long-term social and political stability in Europe. It is a warning worth remembering today.
Scramble for Wall St alternatives
Oped, Mike Dolan, Published on 21/02/2025
» Global investors finally appear to be doubting the wisdom of keeping all their eggs in one basket. A decade of exceptional US investment returns may, therefore, be cresting just as Donald Trump's "America First" programme returns to Washington.
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.
Pheu Thai's cash handouts a likely flop
Oped, Chartchai Parasuk, Published on 24/08/2023
» The title of this article says it all. Pheu Thai Party's flagship economic stimulus policy of handing out 10,000 baht to all Thais aged above 16 years old, with an estimated cost of 560 billion baht, will most likely fail to stimulate (or jump-start) the economy from the recent economic slump.
Europe's Russia sanctions are a shot in the foot
News, Brahma Chellaney, Published on 19/12/2022
» It seems obvious that sanctions -- an increasingly important tool of Western foreign policy -- should inflict significant pain on the target without exacting unsustainably high costs from the country imposing them. But the European Union's sanctions on Russia -- intended to punish the country for its brutal war of aggression against Ukraine -- do not meet this condition.
The global recovery winds down
Oped, Eswar Prasad, Published on 12/10/2022
» The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (Tiger) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months, many countries are either in or on the brink of outright recession.
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.