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Otaviano Canuto: Growth Implications from a Fractured Trading System
To understand the implications of a fractured trading system, let’s use the period known as hyper-globalisation, or globalisation 2.0, as a benchmark. In the 1980s and ‘90s, we saw the consequences of a tectonic shift deep beneath the global economy.
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OECD: The Funding Models of Development Finance Institutions
The drum beat of reform is increasing for the development system and particularly for the Multilateral Development Banks (MDBs). While the reform is looking to address a number of areas, there is a repeated call for the mobilisation of the
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Otaviano Canuto: Rising Use of Local Currencies for Cross-Border Payments
At the recent BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments. Those payments are currently dominated by the US dollar and
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Dollar Strains — Our Currency, Your Problem: Specialised Investment Research and Analysis from PGM Global Inc.
Unlike their DM counterparts, EM central banks have started to cut rates, in some cases aggressively, to offset weakening growth amid high inflation. The rate cuts and the weaker global growth outlook have hurt EM equities and local currency bonds.
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Federal Realty Keeps the Faith in Traditional Industry Wisdom — but Adds Emphasis to Eco Issues
US property firm Federal Realty applies strategy and smarts in environmental oversight. In an industry known for “location, location, location”, investment trust Federal Realty has added a new mantra: “resilience, resilience, resilience.” Founded in 1962, Federal is recognised for the
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Crypto Had a Brutal Year. What Comes Next?
An increase in caution might not be a bad thing, believes the Kellogg School’s Sarit Markovich… The year since the collapse of cryptocurrency exchange FTX has seen US regulators, including the SEC, bring charges against the industry’s two biggest exchanges,
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The American Economy is Holding Strong — and Getting Greater Still
Wim Romeijn’s recent analysis indicates that shopping addiction is a primary driver of the American economy. However, other factors contribute significantly. Each spring, the tradition of garage sales sees American households showcasing their impulse purchases. Neighbors engage in a cycle
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Otaviano Canuto: The Dollar’s ‘Exorbitant Privilege’ Remains
Otaviano Canuto discusses the ongoing role of the greenback in international monetary systems… There has been talk of “de-dolarisation” of the global economy, with recent initiatives and policy moves by China and other countries to extend the reach of use
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Middle-Market Direct Lending
A Lucrative Alternative Asset Class The US is home to some 200,000 companies dubbed “middle-market” — typically with EBITDA up to $150m. On a stand-alone basis, America’s middle-market represents a $6.3tn economy, third-largest in the world. Non-bank lending to these
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EY: Haunted by Phantom Income and at the Mercy of Economic Patterns — Inflation Distorts World Tax Systems
Recent IMF data show developed economies are running at an annual inflation rate of three to 10 percent. Some eastern European and Asian countries currently sit between 10 and 25 percent — and 10 nations are struggling with higher rates
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