…systemic bank crises in a sample of emerging markets, and found that an increase in foreign debt liabilities contributed to an increase in the incidence of these crises, while FDI…

…of market forces, particularly finance; technological change, which speeded up the integration of markets and financial markets; and ageing, which transformed the savings-investment balance in high-income countries. These led to…

…Yet, any sense of disciplining the markets will be met with lower stock values. The markets need discipline which is part of the normal process of a normalized Fed rate….

…AIIB an effective agency. The continuing refusal of Congress to approve reforms in the IMF’s governance structure gives the Chinese and other emerging markets ample cause to look elsewhere. The…

I wrote last summer that the Dow would not rise much above 17,300 and then eventually drop from that level into a recession. We see markets dropping now, but are…

In its report on “The long-term decline in prime-age male labor force participation,” President Obama’s Council of Economic Advisers writes: Conventional economic theory posits that more ‘flexible’ labor markets—where it…

…is just assumed based on nothing at all (exactly zero, 0, niente, nada). I think it is based on two unquestioned assumptions 1) markets are wonderful 2) markets are worthless…

…of the fiscal policy measures. But they will have consequences outside our borders, particularly for the emerging market economies. Forecasts for growth in the emerging markets and developing economies have…

…result of monetary or other developments in industrial-country financial markets, may overwhelm countries even when their exchange rates are flexible.” Global capital flows can adversely affect a country through multiple…

…the futures and options markets in Chicago. Although the market would decline far more between August, 2007 and March, 2009 at the front end of the Great Recession, there was…