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Otaviano Canuto: Dependency and Disconnect of U.S. Financial Markets
U.S. stock and corporate bond markets performed extraordinarily well from the March financial shock caused by covid-19 to the end of last month. Then, three consecutive weeks of decline in the three major stock market indexes have been followed this
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Between a Rock and a Hard Place: UK Discovers the Hard Limits of Its ‘Newfound’ Sovereignty
It is not a good time to be a supporter of Brexit. If spin were a tradeable commodity, all would be exceptionally well in the realm. Alas, it is not. The attempt by Prime Minister Boris Johnson to supplant essential
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World Bank on COVID-19 in Africa: Can Safety Nets Ease Social and Economic Impacts?
Across the world, governments have geared up to respond to the socio-economic shock of the coronavirus pandemic. Early action in countries hard-hit by the crisis range from economic stimulus packages and the lowering of interest rates to social safety nets
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Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder
The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies (Gill & Kharas, 2007,
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Nouriel Roubini and Brunello Rosa: Europe’s Non-Hamiltonian Muddle
This past week, the European Commission unveiled a plan to help European countries manage the Great Depression-scale shock from COVID-19. Building on a recent Franco-German proposal, the Commission is calling for a €750 billion ($834 billion) recovery fund (€500 billion
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Kristalina Georgieva, Managing Director of the IMF: Europe and the Global Recovery in 2021
We are at a point in our history where it is paramount to concentrate on what this crisis entails, what are the risks and opportunities a recovery will present to us, and how to bring the world together. These will
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PwC Africa: Africa’s Finance Leaders Take Steps to Ensure the Safety of Workers
As lockdown regulations are eased all over the world, business leaders are recognising that they have a critical role to play in the safety, health and stability of their employees and customers. While business leaders implement new policies and processes
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Lord Waverley: Making the Case for Emerging Markets
The world awaits what emerges from post-Covid traumas. States will be required to consider how to balance budgets, how to derive income from which aspects of the economy to pay for essential services. There will be those who will dig
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How Will the Pandemic Impact Pay Equity Within the Finance Industry?
The financial services industry is at a turning point. Though there is evidence to suggest that the global coronavirus pandemic could set back several years’ worth of hard-earned progress in closing the gender pay-gap in the sector, it has provided
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Anshula Kant, MD and CFO of the World Bank Group: Power of Capital Markets in the Battle Against COVID-19
Managing Director and World Bank Group CFO Anshula Kant reflects on the crisis engulfing the world, and the opportunities we have to build back. I can’t remember a time in my life when a single event has mobilised the entire
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