The future prosperity of the world hangs in the balance The wave of populism that has swept the world in recent years had its origins in a number of converging trends, including large-scale migration, globalization, and the financial crisis of 2008, all of which fueled a sense that legacy elites are self-interested and […]
Tag: banking
Don’t let regulations cancel advantages of bank integration
“Crisis management for euro-area banks in central Europe” By Alexander Lehmann, courtesy of Bruegel Institute The deep involvement of a number of euro-area banking groups in central and southeastern Europe has benefited the host countries and has strengthened the resilience of those banking groups. But this integration has become less close because of […]
TES Weekly Update: Science Delivers, Politics Withers
Diabetes breakthrough shows there’s hope! Brexit mess shows… something else Our world remains a study in contrasts, and that’s about the most that can be said for it. On the one hand, a breakthrough in the clinical understanding of diabetes promises to quietly revolutionize the way we treat one of the world’s deadliest […]
EU needs banking overhaul
With the EU’s leadership in transition, there are a lot of ideas for the new powers that be to sort through (or ignore, as they case may be) when it comes to reforming the continent’s financial infrastructure. There are also mixed verdicts on central […]
Don’t worry about Serbia’s trade deals — democracy and rule of law are more pressing concerns
By Mihailo Gajic, Head of Research, LIBEK & TES Contributor On October 25th, Serbia will sign a trade deal with the Eurasian Economic Union (EEU), a Russian-backed trade federation — a mostly symbolic move which has however led to a widespread, and totally erroneous, belief that Serbia actually intends to […]
Current UK prudential regulation “bound to fail”
Tired of talking about Brexit? Don’t worry, we can talk about the “rot at the heart of the banking system” instead! The Adam Smith Institute has a new white paper outlining the continuing vulnerabilities of the British financial system, which are due in large part to misguided and counterproductive financial regulations, and suggesting […]
What Could Possibly Go Wrong? More Politicians Meddling With Central Banks
It’s not like politicians mucking with credit ever resulted in disaster before, right? RIGHT? Well anyhoo, it’s happening again, as politicians of all stripes and convictions (or lack thereof) lay siege to central banks with the help of pundits and other economic experts. That prompted a moderately alarming warning from ratings agency Fitch, which […]