21/12/2010 | Economia y Finanzas
The Causes and Consequences of Chinese Inflation
Last week, China reported that over the past year, consumer prices had risen 5.1 percent. While prices have been creeping up in China for months now, the report grabbed international attention, and for good reason. As the world's factory and its second-largest economy, China's inflation rate has serious consequences for the global economy and domestic stability.
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15/11/2010 | Economia y Finanzas
G-20 Summit: Autonomy and Influence in the Global Economy
In the end, this result says less about the G-20's ability to coordinate policy than it does about the changing distribution of global power: The U.S., long able to influence the domestic economic policies of its major trading partners, now faces interlocutors that are increasingly immune to its suasion.
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10/11/2010 | Economia y Finanzas
Seoul Could Be the G-20's 'Lost Summit'
South Korea is set to host the G-20 leaders' summit in Seoul on Thursday and Friday, the fifth such gathering since the onset of the global financial crisis.
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28/09/2010 | Economia y Finanzas
Basel III Represents Test for U.S., G-20
The Basel Committee, comprised of the central bank governors of 27 major economies, including the entire G-20, crafts international banking standards and guidelines that member countries are expected to implement individually.
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30/04/2010 | Economia y Finanzas
Time for the IMF to Replace the G-20 on Financial Regulation?
When the finance ministers of the G-20 nations met on the sidelines of the annual IMF-World Bank meetings in Washington last weekend, it marked the sixth time they had convened since the fall of 2008. When the G-20 leaders meet this summer in Toronto, the total number of summits held since the global financial crisis erupted will hit double digits.
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18/02/2010 | Economia y Finanzas
Greece and Europe Play Financial 'Chicken'
Like a storyline out of a classical tragedy, the euro is being punished for the sins of Greece. The Hellenic Republic's massive debt has shaken market confidence in the common currency and led to a volatile month in its exchange rate. Feeling increasing pressure to intervene, European policymakers have been forced to weigh what is best for the euro against what public opinion will tolerate. For now, none of the choices are appealing. Nonetheless, a decision must be made, and as this game of "financial chicken" unfolds, the only thing certain about the outcome is that no one is likely to be happy with it.
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23/01/2010 | Economia y Finanzas
Patience, not Pressure, Will Revalue China's Yuan
With 2009 and its economic woes behind them, the world's major economies share a common goal for 2010: recovery. However, they also share a common problem that could stand in the way: China's undervalued currency. A G-7 meeting in Canada next month looks increasingly likely to be a forum for discussing remedies for global currency imbalances, with a focus on the yuan. But can outsiders really do anything to influence China's exchange rate? Or would a better strategy simply be to wait for Beijing to make the decision to revalue the yuan on its own?.
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04/12/2009 | Economia y Finanzas
The Global Impact of the Fed's Cheap Dollar Policy
Low interest rates have become something of a staple at the U.S. Federal Reserve in recent years. However, early last month, the U.S. central bank took its "cheap dollar" policy to another level by committing to near-zero interest rates for the foreseeable future. The Fed's decision has its roots in domestic economic goals: With American unemployment hovering above 10 percent, low rates are seen as a way to jump-start bank lending to businesses -- a necessary first step in getting these firms to increase staffing. Low rates also make it cheaper to buy a home and should help the U.S. housing market to rebound.
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04/12/2009 | Economia y Finanzas
The Global Impact of the Fed's Cheap Dollar Policy
Low interest rates have become something of a staple at the U.S. Federal Reserve in recent years. However, early last month, the U.S. central bank took its "cheap dollar" policy to another level by committing to near-zero interest rates for the foreseeable future. The Fed's decision has its roots in domestic economic goals: With American unemployment hovering above 10 percent, low rates are seen as a way to jump-start bank lending to businesses -- a necessary first step in getting these firms to increase staffing. Low rates also make it cheaper to buy a home and should help the U.S. housing market to rebound.
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15/09/2009 | Economia y Finanzas
The 'Global Central Bank' Pipe Dream
Last week, the United Nations Conference on Trade and Development (UNCTAD) issued a report calling for sweeping changes in the international financial and monetary order. Arguing for a reduced role for the dollar, the report advocated for a global reserve bank with the power to issue its own currency, to monitor its members' national exchange rates, and to prop up or push down their currencies. In other words, UNCTAD is making the case for a global central bank.
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