The European tax on financial transactions (FTT) is back on the table. Last week, both Francois Hollande and Angela Merkel said it; they want an agreement among the 11 participating EU countries […]
Europe’s Financial Transaction Tax: Back on the Table, but Only a Shadow of What it Was
Macroprudential Policy: the New Black in Central Banking
The practice of central banking finds itself in an existential dilemma. Keeping interest rates low is seen as necessary to keep recession and deflation at bay, but cheap money may well cause […]
Stuck Between a Rock and a Hard Place: the Eurozone Blues
In early February, the German Constitutional Court concluded that the program which saved the Eurozone from impending collapse, less than two years ago, violates the German constitution. The so-called ‘Outright Monetary Transactions’ […]
Currency Turmoil and Global Economy Jitters: the Real Trouble is China
There has been much talk about the currency turmoil in Argentina and Turkey, and a number of other emerging market economies, in recent weeks. The real trouble, however, is China. “Certainly, if […]
