In recent weeks the Middle Kingdom has suffered some mild diplomatic setbacks in its Belt and Road Initiative as well as its efforts to resolve the drawn out trade war with America. But all the evidence, including China’s own long history, suggests these reversals are simply temporary delays; if anything the controversies will simply […]
“The Dangers Lurking behind a Digital Euro” By Thorsten Polleit, courtesy of the Austrian Economics Center Neosocialist China does it, Sweden does it, and many other states want to do it, too: to issue digitized central bank money for everyone. The European Central Bank (ECB) is also working on such a scheme. It wants […]
Economic recovery after COVID-19 requires a clear vision for a healthy banking sector By Alexander Lehmann and Reiner Martin, courtesy of the Bruegel Institute The end of payment holidays and the winding-down of public support schemes in the post-COVID-19 recovery will expose large stocks of non-performing loans (NPLs). European Central Bank estimates, based on earlier […]
