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World economy 28th October 2013

OPEN DEBATE: Nominal Stability- Christy Romer ‘strikes’ again

SAO PAULO | By Marcus Nunes | Friday evening Christina Romer gave the Sumerlin Lecture at Johns Hopkins University. The lecture was called “Monetary Policy in the Post-Crisis World: Lessons Learned and Strategies for the Future.” She touches on many bases, some suspect, like when she says  “Financial stability is job number one of any central bank. Without that-nothing else matters”. Saying “Nominal stability” would have been closer to the thruth.

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World economy 28th October 2013

U.S. Spying on EU: Is White House Damage Control Version Credible?

NEW YORK | By Ana Fuentes | According to the White House, during the almost 5 years that the NSA was eavesdropping EU leaders, Obama had no clue. How can the leader of the most powerful economy in the world, who commands drone attacks and missions to the outer space, not know that their intelligence services are monitoring its European partners?

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World economy 25th October 2013

EM markets are likely to enjoy supportive conditions

LONDON | By Barclays analysts | EM markets are likely to enjoy supportive conditions over the next few weeks. The resolution of the US government shutdown, expectations of QE tapering pushed further into 2014, the emergence of some EM re-coupling to stronger global manufacturing and still-attractive EM valuations should all be helpful factors. Liquidity considerations are likely to become a less important market driver, and higher-yielding EM assets, particularly in EM credit, should attract further support where bottom-up fundamentals allow.

Global growth solid H2

World economy 24th October 2013

Who benefits from an acceleration in global growth?

LONDON | By Barclays analysts | Investor expectations have been slow to incorporate the improvement in global business confidence, and the persistent pessimism presents an opportunity to be long assets that will benefit from an acceleration in global growth.

cuba

World economy 23rd October 2013

Cuba Currency Unification Could Be Ready In 3 Years- And Then What?

By David Brunat (LATAM CORRESPONDENT) | The main economic oddity in Cuba is on its way to become a memory of the past. The Communist regime announced through its official newspaper Granma that it will be taking the first step toward eliminating a two-currency system, which symbolizes the uncomfortable inequality in the island. After the reform is completed, the Cuban peso (CUP) will remain the only authorized currency, while the Convertible peso, or CUC, pegged to the US dollar, will no longer exist. What will happen to the black market or the checking accounts held by foreign companies on the island remains unclear.