Otaviano Canuto, World Bank: The Metamorphosis of Financial Globalisation

After a strong rising tide starting in the 1990s, financial globalisation seems to have reached a plateau since the global financial crisis. However, that apparent stability has taken place along a deep reshaping of cross-border financial flows, featuring de-banking and

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Robert J Shiller: Understanding Today’s Stagnation

Ever since the Great Recession of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates

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Hans Peter Lankes, IFC: IFC’s Development Impact, One Market at a Time

Having worked in the international financial institutions for much of my career, I’m a big believer in the power that development institutions have in building a bridge between the government and the private sector. That philosophy underpins the International Finance

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Emmanuel Macron: Perfect Timing

The fate of the European Union may well rest on his shoulders. Front-runner in the French election campaign, Emmanuel Macron (39) is widely expected – but not guaranteed – to trash Marine Le Pen in the May 7 run-off for

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G20: Challenges in Shaping an Interconnected World

Expertly ducking a potentially traumatic Trump (hand)shake by shooting past the US president to his wife Melania, Polish first lady Agata Kornhauser-Duda perhaps unwittingly set the tone for the annual G20 summit – showing Mr Trump his place in the

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Angela Merkel: Leader of the Free World

Playing nice gets results. Just ask Angela Merkel who became the undisputed leader of the free world after the US elevated a rather rude businessman to the presidency. Mrs Merkel’s phone manners are also much more effective. Instead of hanging

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Nouriel Roubini: The Global Recovery’s Downside Risks

For the past two years, the global economy has been growing, but it has swung between periods of rapid expansion and deceleration. During this period, two episodes in particular, caused US and global equity prices to fall by about 10%.

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UK: Casino Politics

In a triumph of cautious optimism over alarmist gloom, UK voters delivered Prime Minister Theresa May a comeuppance of sorts, depriving her of an outright majority in parliament and refusing to buy into Tory visions of strong and stable leadership

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Otaviano Canuto & Matheus Cavallari, World Bank: Bloated Central Bank Balance Sheets

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one

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Robert J Shiller: Robotization Without Taxation?

The idea of a tax on robots was raised last May in a draft report to the European Parliament prepared by MEP Mady Delvaux from the Committee on Legal Affairs. Emphasizing how robots could boost inequality, the report proposed that

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