The market reaction to the Brexit shock has been mild compared with two other recent episodes of global financial volatility -- the summer of 2015 (after fears of a Chinese hard landing) and the first ...More
EJ Insight2016-08-02
The United Kingdom’s narrow vote to leave the European Union had specific British causes. And yet, it is also the proverbial canary in the coalmine, signaling a broad populist/nationalist backlash -- ...More
EJ Insight2016-07-05
Since the global financial crisis erupted in 2008, productivity growth in three advanced economies -- the United States, Europe, and Japan -- has been very slow both in absolute terms and relative to ...More
EJ Insight2016-06-06
The International Monetary Fund and others have recently revised downward their forecasts for global growth -- yet again. Little wonder: The world economy has few bright spots and many that are dimmin ...More
EJ Insight2016-05-03
The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession? My answer is a straightforward no, but that the recent episode of global fin ...More
EJ Insight2016-03-07
今年以來，全球經濟面臨了一系列新的嚴重金融市場波動，表現為股票和其他風險資產價格劇烈下跌。多重因素在起作用：擔 ...全文
名家論壇Project Syndicate2016年03月07日
At the cusp of the new year, we face a world in which geopolitical and geo-economic risks are multiplying. Most of the Middle East is ablaze, stoking speculation that a long Sunni-Shi'ite war (like Eu ...More
EJ Insight2016-01-05
This is shaping up to be another banner year for art. Sales in the global art market hit a record €51 billion (HK$427 billion), according to this year's European Fine Art Foundation Art Market Report. ...More
EJ Insight2015-11-18
Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? ...More
EJ Insight2015-07-28
The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled a growing fear of renewed volatility in emerging economies’ currency, bond and stock markets. T ...More
EJ Insight2015-06-30
A paradox has emerged in the financial markets of the advanced economies since the 2008 global financial crisis. Unconventional monetary policies have created a massive overhang of liquidity. But a se ...More
EJ Insight2015-06-01
