Fears of a financial crisis in China have come to the fore again after, shortly before the end of 2013, 7-day interbank interest rates jumped to levels above 10% for the second time in the last 6 months. In response, the central bank intervened, injecting around …
More »Does an economy need to borrow for growth?
And is it necessary to think that we are living better until a point when we will have to pay the price for it?! Looking back at economic history, the problem is not in the answer to the question itself, but in how it will be read and what lesson it will leave, because, as a general …
More »The new Fed chairman or more of the same that doesn't work
As Ben Bernanke's term as Federal Reserve Chairman nears its end, the question of what the central bank's future policy will be is becoming increasingly pressing. Will Janet Yellen, President Obama's nominee to replace Bernanke, continue the Fed's current loose monetary policy, or can we expect a gradual withdrawal...
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EKIP– Expert Club for Economics and Politics A Different Opinion