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Regulating shadow banks won't make the economy safer; abolishing them will

Shadow banks are putting our economic recovery at risk

Regulating shadow banks won’t make the economy safer; abolishing them will

Over the past decade, shadow banks have been cropping up all over the world, spreading from the US to Europe and seeping into emerging markets. Originally coined to refer to institutions involved with opaque lending activity, shadow banking has become a f...

Immigration panic and economic collapse are boosting Europe's far-right

Should Europe’s moderates fear the far-right?

Immigration panic and economic collapse are boosting Europe’s far-right

In the aftermath of the eurozone crisis, it is perhaps unsurprising that waves of smaller, more radical political parties are gaining greater influence throughout Europe. In May’s European election, many parties that have long been considered extreme in...

Are BRICS ready to lead on topics such as economic governance and climate change?

Is it too soon for BRICS economic leadership?

Are BRICS ready to lead on topics such as economic governance and climate change?

Since the global financial crisis, debates on the future of global economic governance have been particularly sharp. Entrusting global economic governance to the G20 in order to include emerging powers has been marked as a milestone in international polit...

The Fed's stimulus programme acted as an economic placebo. It’s time to let it go

Fed says goodbye to stimulus package

The Fed’s stimulus programme acted as an economic placebo. It’s time to let it go

The US Federal Reserve is on the cusp of something big after nearly two years of propping up the American economy’s recovery with an aggressive fiscal stimulus policy. But Janet Yellen, the new Chair of the Fed, has ruled that enough is enough. The move...

Unconditional basic income is no worse than quantitative easing

Could UBI be the answer to filtering money into the economy?

Unconditional basic income is no worse than quantitative easing

Unconditional basic income is a hot topic at the moment. The people of Switzerland, for example, are currently preparing for a national referendum on whether they should pay themselves a yearly income of CHF 30,000 (about £20,000), even if they don’t w...

Infrastructure is being stifled by political ambition

Pleasing the electorate means killing infrastructure

Infrastructure is being stifled by political ambition

[caption id="attachment_23266" align="alignnone" width="1024"] London’s Crossrail is the largest transport and infrastructure project in Europe, but took 60 years to get government approval[/caption] For most modern democracies, getting even the most...

The principles behind Bitcoin make it as 'real' as any other major currency

Bitcoin: reality or illusion?

The principles behind Bitcoin make it as ‘real’ as any other major currency

Is Bitcoin real money? Not according to Alan Greenspan, who recently described the entire phenomenon as a ‘bubble’. The People’s Bank of China concurred that it isn’t a currency with ‘real meaning’ and backed that up by banning financial compa...

Secular stagnation need not be a threat, but an impetus to re-evaluate economic models

The threat of secular stagnation

Secular stagnation need not be a threat, but an impetus to re-evaluate economic models

Former US Secretary of the Treasury Larry Summers has been doing the publicity rounds lately – talk shows, radio interviews and op-ed columns all over the world. Summers is a man on a mission. Not fighting crime or ending world hunger, the former Secret...

Regulatory mafia could destroy Europe's economic recovery

Too much regulation will hurt Europe, as well as the banks

Regulatory mafia could destroy Europe’s economic recovery

When BNP Paribas was recently asked to pay a record $8.9bn fine for having breached US sanctions against countries like Cuba, Sudan, Iran and North Korea, it sent shockwaves through the global financial industry. For the first time ever, a bank is facing ...

It's time for economists to come out of denial and embrace new ideas

Is economics in a state of denial?

It’s time for economists to come out of denial and embrace new ideas

One of the greatest talents of the human race is our capacity for denial. Without the ability to deny reality, it could be hard to make progress. Yet by ditching out-dated values on efficient markets, new ideas could bring a fresh perspective and realism...

India expected to elect pro-business Modi, despite concerns over his past

History’s biggest election gets underway in India

India expected to elect pro-business Modi, despite concerns over his past

In a process that is expected to last up to six weeks, 814 million Indians have begun voting for a new government. The country’s election represents the world’s largest democratic election – and the biggest recorded in history. It is expected to see...

Strikes in China: gross inconvenience or golden opportunity for labour reform?

IBM strikes shine light on China’s labour laws

Strikes in China: gross inconvenience or golden opportunity for labour reform?

Though the strike at the IBM plant in Shenzhen last week was highly disruptive, it had much wider implications than simply halting production for a few days. The strike, which involved over 1,000 workers, was the latest in a series of walk-outs to hit Chi...

There's 'still a long way’ to go for Britain to make a full economic recovery

Britain: broke and battered, or back for business?

There’s ‘still a long way’ to go for Britain to make a full economic recovery

Vilified though they often are, foreign exchange traders do at least do their homework. And they like what they see in the sterling, one of the world’s oldest currencies. Between August 2013 and mid-January 2014, the British pound improved by eight perc...

Want your bonus? You'll have to wait, says Credit Suisse

Credit Suisse phases out its remuneration scheme

Want your bonus? You’ll have to wait, says Credit Suisse

[caption id="attachment_17494" align="alignnone" width="1024"] Credit Suisse are phasing out their current bonus scheme, and replacing it with two bonus plans that will shift the bank's emphasis onto collective, rather than individual, performance[/captio...

The EC's latest directive on late payments will leave buyers feeling rather neglected

EC’s new late payment directive grossly overlooks the buyer

The EC’s latest directive on late payments will leave buyers feeling rather neglected

[caption id="attachment_17394" align="alignnone" width="1024"] The European Commission's updated directive on late payments is geared towards protecting SMEs, and woefully overlooks the buyer[/caption] After a long consultation period, the European Com...

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