Monthly Archives: September 2009

Ralph Atkins

The Bundesbank has explained why Germany is not part of the global imbalances story, says Ralph Atkins in a Financial Times blog Read more

David Miles’ first speech as a Monetary Policy Committee member bears a striking resemblance to secret briefings given by Bank of England officials to City economists, writes Chris Giles of the Financial Times. It contains the latest Bank view of why quantitative easing is working and why critics who focus on the lacklustre supply of money are wrong Read more

European banks have been slow to recognise losses from the recession and need to raise huge quantities of new capital if they are to lend sufficient sums to support a recovery, writes Chris Giles of the Financial Times, and two IMF charts reveal all you need to know. Read more

As Russia invites foreign investment, China encourages domestic investment in commercial property. US housing prices are marginally improved but on thin volume, and unemployment data looks grim Read more

Mure Dickie

Japanese finance minister Hirohisa Fujii deserves a little credit amid all the abuse he is taking for recent currency comments Read more

The World Bank questions the supremacy of the United States, as other commentators question the legitimacy and usefulness of the World Bank. Bad news for ‘developed’ countries; good news for ‘emerging’ markets; and questions over the distinction between them Read more

Ralph Atkins

Ralph Atkins of the Financial Times discusses Jean-Claude Trichet’s thoughts on the euro and European regulation Read more

Krishna Guha

Krishna Guha of the Financial Times on Fed Governor Kevin Warsh arguing forcefully for a symmetry of response from the FOMC for credibility reasons Read more

Krishna Guha

Dominique Strauss-Kahn tells the Financial Times’ Krishna Guha that the IMF is going to talk about currencies when it reports back to the G20 on balanced growth Read more

Alistair Darling, chancellor of the exchequer has just proposed new legislation “to require that the government reduces the budget deficit year on year”. Rarely has there been an idea either so pointless or so undesirable writes Chris Giles of the Financial Times Read more

Good news if you’re feeling flush: IPOs are on the rise and racehorses are on sale. India plans to launch energy-efficient trading scheme and financial innovation may again become popular Read more

Ralph Atkins

European elections will leave the ECB worried about fiscal consolidation, writes Ralph Atkins in a Financial Times blog Read more

The thing that really stood out from Barack Obama’s press conference was his vow not to return to the bad old ways of “boom and bust”.

Having heard Gordon Brown overuse that phrase for more than a decade, it is too much to hear the same from Obama. The words blew up in Brown’s face once the crisis started. Read more

The G20 summit is done and dusted. The outcome pretty much as expected with the G20 now at the centre of global economic policy making. But the differences with past policy making are not as great as some of colourful language writes Chris Giles of the Financial Times Read more

The G20 leaders are set to work together on reforming the world economy but there are many potential pitfalls ahead.  Read more

The emerging G20 communique is a traditional compromise. To please the US and the UK respectively, the words “framework” and “compact” are both used. To please Germany and emerging countries, there is no binding mechanism to force countries to follow G20 missives in future. Fierce arguments which the FT reported today over seats on the IMF board and other reform issues have been swept under the carpet.

So what is new? Read more

Ralph Atkins

Germany is losing the PR battle over trade imbalances, writes Ralph Atkins of the Financial Times Read more

Ralph Atkins

Central banks have started to unwind some of their emergency measures, Ralph Atkins writes in a blog for the Financial Times Read more

Krishna Guha

The Fed would like to mop up a decent share of its excess reserves to reduce the pressure on the paid interest facility and it’s eying the money-market mutual fund industry to help, writes Krishna Guha of the Financial Times Read more

The new G20 framework is perhaps not the “biggest decision the world has made on economic policy for many years” as Gordon Brown seems to think, writes Chris Giles of the Financial Times Read more