The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.
An election with only one candidate? Sounds like a stitch-up. But with nominations just closed, the one candidate in the forthcoming poll, Madame Lagarde, will be re-elected as Managing Director of the IMF regardless.
With some warning indications emerging in the economy, it is helpful to understand the potential effects this may have. Yet, one must caution their self before assuming a conclusion, for indications only produce predictions.
The root of the Greek crisis lies in the mindset of an aging nation that is unable to accept the urgent need for deep reform to make the country more competitive.
A collective effort to deliver a policy upgrade is needed urgently to face up to rising challenges in an uncertain world, to ensure financial stability and better growth prospects. Three percent of global output is at stake.
This week, The Pollination Project funded several projects that are seeding local solutions to generational poverty in Kenya, Uganda, Cameroon and In...
I don't believe our inaction is because we don't think about the change but rather it is because we imagine the story is deeper than what we are told...
LONDON -- It is often said that we live in a culture of instant gratification -- and this is especially true of financial markets. The debt crisis was a spectacular example. Upfront profits blinded over-confident investors to long-term risk -- with disastrous consequences. Since the crash, lack of confidence has given rise to a different type of short-termism.
If there is no sufficient effort to tackle this growing legitimacy crisis through crowdsourcing or other strategies, the future is likely to be very bleak. The gap between the government and citizens will continue to widen, leading to these possible futures in Brazil.
My personal belief that China is heading for a major crash, and as individuals it is critical for us to be on the right side of that trade. Friedman believes, as do I, that social inequality is a big reason why China will not become the dominant economic player of the 21st century.
ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.
BERLIN -- The combination of Grexit and Brexit, and its consequences not just for the stability of the eurozone, but for the continued existence of the EU, is probably the greatest danger that Europe has faced since the Cold War's end.
Using data on economic recessions, I take a look at how long growth periods have been after recessions, and to see when the latest economic boom will likely come to an end. You're probably thinking "Economic boom? When did that take place?"
We have to remember that the same banks responsible for so much of the financial strife, confusion, and crisis are guided by social forces. When we believe our financial systems are beyond our control, we neglect our responsibility to those most impacted by its flaws.
Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.