Culled—iMFdirect March 7, 2017 by iMFdirect By Emine Boz, Luis Cubeddu, and Maurice Obstfeld Basic economic theory tells us that capital should flow from slow-growing rich countries to faster-growing poor ones in search of higher returns. A decade ago, our former Research Department colleagues Eswar Prasad, Raghuram Rajan, and Arvind […]
World News
Is A Second OPEC Cut On The Cards?
Culled—Proshare March 8, 2017/By Tsvetana Paraskova of Oilprice.com OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been […]
China Is Developing its Own Digital Currency
Culled—Proshare March 4, 2017/Bloomberg After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from […]
