January 8, 2019 | David Horton - Managing Director, Global Head of Innovation
With recent U.S. stock markets plummeting to 1929 Great Depression levels and ‘No-Deal’ Brexit prospects in Europe, one could arguably claim that 2019 begins with all the key ingredients for an imminent ‘Finpocolypse’.
December 11, 2018 | Kaiser Naseem - Banking and Digital Transformation Advisory Services, International Finance Corporation (IFC)
Market insights by Kaiser Naseem, Banking and Digital Transformation Advisory Services for the International Finance Corporation (IFC). We’ve asked him to share with us his views for the banking and financial services industries transformation happening now.
December 3, 2018 | Otaviano Canuto - Principal, Center for Macroeconomics and Development
Daron Acemoglu and James Robinson caught policymaker’s attention to the critical role of institutions for development. Their work gives too much emphasis to the prospects of revolution, however. A reading of the World Bank’s World Development Report of 2017 points to directions that all actors involved in the process, whether domestic or international, elite or non-elite, can take to improve societies.
November 9, 2018 | Otaviano Canuto - Principal, Center for Macroeconomics and Development
On 24 July the International Monetary Fund released its 2018 External Sector Report, its latest assessment of the current account balances of the world’s 30 largest economies. There was no major change relative to previous years, and the configuration of global surpluses and deficits that has prevailed since 2013 endures. However, there are reasons to expect more abrupt alterations ahead, particularly in the light of US fiscal easing at a time of high employment in the country. In the context of US-led trade wars, as well as recent bouts of Chinese exchange rate depreciation, it is possible that currencies will be subjected to their own war or ‘currency bullying’.
November 2, 2018 | Otaviano Canuto - Principal, Center for Macroeconomics and Development
The Brazilian economy is suffering from a combination of ‘productivity anemia’ and ‘public sector obesity’. The crisis, followed by slow recovery in recent years, reflects the advanced stage of evolution of the disease, preceded by an incubation period during which its symptoms were disguised. Improving productivity performance, reforms in the governance model of the Brazilian public sector, and a review of public spending might cure the disease that is afflicting the Brazilian economy.