Jens Weidmann: It’s ‘Illusion’ to Think Euro Bonds Will Fix Crisis
Emerging Market Channel: Latest Posts
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Emerging Markets
‘Power’less in India
The price that India is beginning to pay for the entitlement politics practiced, with very few interruptions, since Independence is high and is climbing. Industrialists from the prosperous industrial town of Coimbatore protested against the prolonged interruptions to the power supply: Members of 31 industrial associations and their workforce staged a demonstration at Gandhipuram in Coimbatore on [...]
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RGE Analysts
RGE’s Arnab Das – Rupee Will Underperform, Not Bullish on it
In an interview with ET Now, Arnab Das , MD, Roubini Global Economics talks about how the Indian economy will grow this year with a special emphasis on the country’s investment cycle and rate cuts. Excerpts: ET Now: What are your views on the projected sub-7% growth and the correction in inflation? Is it as [...]
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Nouriel Roubini's Global EconoMonitor
Nouriel Roubini and Patrick Chovanec EconoMonitor Video – China: How Much Stress Can the System Take?
Patrick Chovanec, associate professor at Tsinghua University’s School of Economics and Management in Beijing, China stopped by the RGE offices in NY for a discussion on the likelihood of a hard landing in China and we consider the short and medium term implications of policy adjustments, leadership transitions, and technology advancements. [22:20] [2:25] – How [...]
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The Kapali Carsi
A Turkish perspective on the Fed
Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have an addendum coming up very soon, hopefully tomorrow, where I will summarize the different arguments on the Fed’s actions, as I have read several interesting articles after this column was published… While it may [...]
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RGE Analysts
India’s Supreme Court Nails the Guilty, but Steps into Policy Making
On February 2, India’s apex court, the Supreme Court ruled that the 2G telecom licenses granted by the Indian government in 2008 were arbitrary in nature and hence should be scrapped. According to the order, all of the 122 licenses that were granted by the Telecom Ministry under the stewardship of A Raja will have [...]
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Emerging Markets
Brazil: The Risks of Monetary Policy
Despite its apparent success so far, the Brazilian Central Bank’s strategy is very risky. The Brazilian Central Bank (BCB), in a movement that was unanimously forecasted by the market, has reduced interest rates once again to 10.5%. In the minutes of the meeting published last week the BCB, as well as justifying the cut, also [...]
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Emerging Markets
Debt Monetization: From Tokyo to Washington and Brussels
The advanced economies seek to inflate away their massive debt by exporting inflation to the emerging world. The end-game of the global financial crisis of 2008/9 has begun. Recently, the World Bank warned developing countries to prepare for the risk of the world going into a slump like the global downturn in 2008-09 owing to [...]
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Efraim Chalamish's Economic Development and Security Blog
Where Is the Burning Man Heading?
As the Middle East and the world mark a year to the Arab Spring, reflections are divided. Some argue that the Arab Spring and its achievements belong with the pantheon of global revolutionary movements, such as the collapse of the Soviet Union and the reunification of Germany. Others, on the other hand, argue that it [...]
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The Kapali Carsi
IMF’s Turkey Article IV Staff Report: Grim Reading
I spent the last couple of hours reading through the IMF’s Turkey Staff Report for the 2011 Article IV Consultation (and the accompanying documents). It is now exactly midnight, and the embargo on the document has been lifted, so I can publish this post:) Let’s cut down to the chase right away: I think the [...]
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RGE Analysts
WEF Davos: Sub-Saharan Africa – Next Growth Hub?
With all eyes on Europe, the unresolved sovereign debt crisis in the eurozone is certainly taking the center stage of this year’s World Economic Forum summit in Davos themed “The Great Transformation: Shaping new models”. However, those looking for hope and growth potential seem to look to Africa, hence the role of Sub-Saharan Africa (SSA) [...]
