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Luisa Nenci, CEO of SustainValues: A Capital Market Union or a Sustainable Financial Market?

In his political guidelines for the next European Commission, President Jean-Claude Juncker pushed for the establishment of a capital market union. Such a union should develop and integrate capital markets in order to cut the cost of raising capital. This

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World Bank Group: Remittances – A Vital Channel for Global Cash Flows

Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one that, until a few years ago, was not recognised for

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UNCDF: A Roadmap for Financial Inclusion

Nephathli is a man from Lesotho, formerly a mineworker in South Africa. His family’s main source of income is the profit made on the sale of chickens and eggs. Nephathli’s income varies from month to month depending on how many

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Global Interconnections and Spillovers

Extracts from a Speech By Christine Lagarde, Managing Director, International Monetary Fund U.S. Chamber of Commerce, September 19, 2013 I. The Global Economy Today I recently returned from the G-20 Summit in St. Petersburg—where I know that the Chamber was

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Barking Up the Wrong Tree in St. Petersburg: G20 Hijacked by Syria Conflict

The world leaders gathered today in St. Petersburg for the G20 summit were supposed to discuss the slowdown of global economic growth and ways to combat tax evasion. This agenda has now been largely supplanted by developments in Syria and

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Vladimir Putin Talks About BRICS

BRICS’ relatively new phenomenon attracts increased global attention due to the optimistic predictions about its development, especially against the backdrop of global crisis developments in the world economy. What is BRICS’ immediate and long-term significance for Russia? Is such a

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International Chamber of Commerce: G20 Openness Could Improve

Presenting pre-findings of an ICC Open Markets Index at an international business dialogue in Paris on March 4th, ICC Chairman Gerard Worms said that government authorities equipped with better information on their country’s market performance were better able to honour

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G20 Summit: Merkel still wants both Austerity and Growth in the Eurozone… but still no clue as to who will pick up the tab

Angela Merkel brushed off criticism of her focus on austerity, as the leaders of the world’s 20 largest economies focused their attention on the crisis in the Eurozone. In Los Cabos the EU largely postponed the discussion on the specifics

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