Global markets, albeit jittery, have recovered sharply this year as investors and traders believe that monetary ease will continue.
“The very gradual monetary tightening process is on pause and has become less predictable,” says Claudio Borio, Head of the Bank … Read the rest
The BIS, the central bank’s central bank, is renowned for its warnings about the global financial system.
Claudio Borio, head of the Bank of International Settlements (BIS) BIS’ Monetary and Economic Department spells out the dangers: “Since the early 1980s … Read the rest
The Bank for International Settlements was one of the few institutions to accurately predict the 2008 financial crisis and is very concerned policymakers are making the same mistakes today.
ON Thursday, August 9, it will be ten years since a … Read the rest
OCTOBER will mark the 30th anniversary of the 1987 financial crash. It is already nine years after the slump of 2008 and this July marks the 20th anniversary of the Asian financial crisis.
In memory of those bleak times, expect … Read the rest