| Shanker Satyanath and Arvind Subramanian1
IMF Working Paper
BlackRock and Fidelity have hit back at the Financial Stability Board’s moves to designate the big fund managers systemically important financial institutions.
The head of the Asian Development Bank yesterday insisted that he was not “scared, threatened or cornered” by the emergence of a slew of new infrastructure banks and alliances that are springing up around the world.
Bank debt issuance across Asia is soaring this year, driven by the need to comply with Basel III regulations. Fresh impetus from China is set to send volumes higher still
Europe is stuck. On both monetary and fiscal policy, the continent is divided. Everyone likes structural reform - except voters. So creativity is called for. How about giving money to the poor?
Serbia’s finance minister tells Emerging Markets how he plans to kickstart growth after the devastating floods in May pushed the economy into negative territory.
It is 13 years since the IMF called for an international agreement on how to wind up defaulted sovereign debt. Still there is no mechanism, and regrettably the vulture funds pursuing Argentina still seem to hold sway in the US. It's time for change
"Indonesia, having just seen a peaceful democratic election of a non-elitist leader, is probably going to embark on reforms that should keep growth at 5%-6% for years to come"
Jim O'Neill, economic advisor, IFC
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