For the last four years, Jose Juan Ruiz has been chief economist at the Inter-American Development Bank (IDB), the largest multilateral development aid agency in the region, surpassing the World Bank. Despite the fact LatAm has suffered a massive shock, one of the biggest differences this time round compared to previous slowdowns is that the region has $600 billion of international reserves.
After the 2006 publication of his book “The Crash is Coming,” economist Max Otte became famous. In 2011 he launched another best seller, “Stop the Euro Disaster!,” which signalled the exit of Greece from the euro area and recommended that Spain return to the peseta. Otte has always argued that the euro has not united Europe.
W. Shuo, Z. Jiwei and H. Kan | Recently Governor Zhou Xiaochuan had an interview with Caixin and talked about the yuan exchange rate regime…
Luis Martín via TrumanFactor | Saskia Sassen is Robert S. Lynd Professor of Sociology at Columbia University and a member of the Committee of Global Thought of that institution. She is also Centennial visiting professor at the London School of Economics and Political Science. Professor Sassen was awarded the Prince of Asturias Award for Social Sciences in 2013 for her contributions to the phenomenon of globalization and urban sociology.
Luis Carlos Croissier is a member of the board of Repsol, Spain’s biggest oil company. He recalls that proven global oil reserves are currently double the level they were in 1980. Croissier was also chairman of the CNMV, the stock exchange regulatory body, and responsible for the Spanish bourse’s “Big Bang”, at the end of 80’s. Before that time, he was Industry Minister in Spain’s Socialist party.
Julius Sen, Academic Director at the London School of Economics thinks that “we have a flexible model. The market knows it and plays with it, forcing looser monetary policies and tight fiscal policies with the stability pact in Europe and the ‘sequester’ in the US. Sen claims that “there will be debt reliefs in some eurozone countries.”
Ana María Llopis, independent director at Societe Generale explains that “the entity’s share price was at 40 euros before the crisis and now it is around 42-44 euros. So some banks have recovered. Then there are others still at low prices for particular reasons, or because they operate in China or Brazil.”
BEIJING| Alberto Lebrón | There have been two events in November which have been key to measuring the trend in global consumption: China’s “Singles’ Day” on 11/11 and the Black Friday-Cyber Monday weekend in the rest of the world. Diane Wang, an e-business pioneer and one of the 10 most powerful women in the Asia Pacific, has created the largest b2b platform in China, with 10 million corporate clients.
By Luis Martín via Truman | Professor at the Lyndon B. Johnson School of Public Affairs (Texas), James K. Galbraith was advisor to the Greek Minister of Finance, Yanis Varoufakis, from February through July 2015. In this interview he spoke about the Greek crisis and the challenges ahead for the euro currency.
By Wang Liwei at Caixin | Aders Borg from the World Economic Forum discusses structural changes and the global financial framework’s future.