... includes central, provincial, and local government bonds and other formal liabilities, as well as implicit debts such as unfunded liabilities from pay-as-you-go pension schemes and health-care system ...More
EJ Insight2022-12-05
... ost major central banks are now reversing quantitative easing (QE) and raising interest rates, China may need to head in the opposite direction. Observers often forget that QE was invented by the Bank ...More
EJ Insight2022-12-02
... e Russian central bank’s ability to maintain a stable exchange rate would be called into question. Interest rates would rise. The solvency of the banking system would be jeopardized. And Russia’s abil ...More
EJ Insight2022-12-01
... rules is central to the SEC’s mission of protecting investors and the public interest, and is well within the agency’s expertise. One of the most fundamental roles that Congress has assigned to the S ...More
EJ Insight2022-11-28
... rope, and Central Asia import more than 50% of the electronics they need. The European Union imports more than 50% of its energy resources. The Asia-Pacific region imports over 25% of its energy resou ...More
EJ Insight2022-11-24
... that the central bank reacted predictably to inflationary pressures – possibly, in part, because there weren’t many in those years. Instead, it reacted to high employment, regardless of whether that ...More
EJ Insight2022-11-23
... aditional central bankers, many of whom were trained long before the QQE era, have criticized the BOJ for enabling the government to run unsustainable budget deficits and inducing moral hazard. But th ...More
EJ Insight2022-11-22
... concerns, central bank policy, and earnings, which are not looking great. Slowing economic growth and ongoing geopolitical concerns also make it tough to be bullish toward equities. Geographically, US ...More
EJ Insight2022-11-22
... om senior central bankers around the world. Some told me it was the best publication we produced, which, given how frequently we published on economic events and markets, was both amusing and somethin ...More
EJ Insight2022-11-22
... w quickly central capacities can develop when external shocks require them. If historical analogies are anything to go by, the current crisis presents European governments with the circumstances to em ...More
EJ Insight2022-11-17
... work. The central message is that human beings are only guests in this planet earth and must look after it well for the other animals. This two-act work lasting for two hours, which has a lot of recor ...More
EJ Insight2022-11-16
Central banks around the world continue to contemplate issuing their own digital currencies (CBDCs). Some have already taken steps in this direction. The People’s Bank of China launched a trial of its ...More
EJ Insight2022-11-11
... ty of the Central People’s Government in the HKSAR to make a purchase at Mont Rouge in Beacon Hill for HK$508 million, the highest among first-hand properties in Kowloon at a whopping HK$70,000 per sq ...More
EJ Insight2022-11-09
... res force central banks to tighten monetary policy even though a recession looms, the costs of debt service will skyrocket. And aging also implies massive unfunded public-sector liabilities – for pens ...More
EJ Insight2022-11-09
... e 82. The centralized autocracy created by Xi certainly expedites executive decision-making, but political analysts note that such a system also lays the groundwork for uncertainty, with no designated ...More
EJ Insight2022-11-08
