The Great Recession

Almost six years after the bankruptcy of Lehman Brothers, which officially marked the beginning of the latest global financial crisis and the subsequent Great Recession, almost all international institutions of the rank of the International Monetary Fund (IMF) continue to strongly advise governments around the world to use various forms of fiscal and …

The first meeting of the Federal Open Market Committee (FOMC) with the participation of the new Fed Chair Janet Yellen rather surprised the markets with Yellen's statement that within six months (i.e., March 2015 at the earliest) after the end of the current Fed program...

This year is shaping up to be a very interesting one for global financial markets, but unlike the previous five, which focused on developed economies and their debt problems, attention is now shifting to the East. It's not that the West has managed to overcome its problems and is now confidently...