Is Pakistan The Next Sri Lanka?
Pakistan, too, has a shambling economy, now going from bad to worse in the wake of political uncertainty. There is gross unemployment, while the inflation rate has skyrocketed. Read More Here
Tag: currency
Falling Rupee Puts Modinomics In Great Peril
Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of them all. Read More Here
Short Of War
Officials in Washington and Beijing don’t agree on much these days, but there is one thing on which they see eye to eye: the contest between their two countries will enter a decisive phase in the 2020s. Read More Here
Why Russia’s Economy Is Holding On
Despite predictions of doom for the heavily sanctioned Russian economy, nearly two months into Russian President Vladimir Putin’s invasion of Ukraine, his country’s oil exports to Europe and other have actually risen, and its financial sector is so far avoiding a serious liquidity crisis. Read More Here
The Rethinking Of The International Monetary System
Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. But, in truth, with the rise of private cross-border capital flows, a system […]
Will Central Bank Digital Currencies Doom Dollar Dominance?
Some say that issuance of central bank digital currencies will transform the international monetary status quo by eroding the US dollar’s dominance of cross-border payments and greatly reducing transaction costs. But this is not going to happen. Read More Here
Crypto Crunch Time
The likelihood that the world’s major central banks will sooner or later issue their own digital currencies has brought increased scrutiny of the sector’s existing private players. Sooner or later, cryptocurrency enthusiasts who have long argued that politicians would never dare to regulate Bitcoin and the rest will need to think again. Read More Here
Why The US Dollar Will Remain On The Comeback Trail For Many Months
While the dollar outlook has been cloudy in the recent years, it is fighting back, thanks to tougher interest-rate tightening expected from the Fed and a brighter political climate under US President Joe Biden. Read More Here
Five Myths About Cryptocurrency
Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Read More Here
A Curse Worse Than Cash
Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their hands forever. Malicious ransomware attacks targeting growing numbers of firms and individuals could prove to be the tipping point. Read More Here
looking beyond borders 