Banking, Central Banks, and Global Economy
Nouriel Roubini, economist at the New York University’s Stern School of Business, was one of the in his post on Project Syndicate (www.project-syndicate.org) dated 28 April 2020, was one of the very few who credibly predicted (there are many claimants) the financial crisis and great recession of 2007-09. So, when he predicts a Greater Depression of the 2020s, as against the Great Depression of 1929-33, one takes notice. Continue reading “Roubini on the “Greater Depression” of the 2020s”
The IMF released yesterday the first chapter of its half-yearly Global Financial Stability Review (GFSR) for April 2020. The GFSR “provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. The Report draws out the financial ramifications of economic imbalances highlighted by the IMF’s World Economic Outlook.” Continue reading “IMF’s Global Financial Stability Review, April 2020: Markets in the Time of Covid-19”
The IMF released yesterday the first chapter of its half-yearly World Economic Outlook (WEO) which is due only in May/June 2020. The world has changed significantly since the publication of the last WEO in January this year. The Great Lockdown, as the report calls it, will result in the worst recession since the Great Depression, shrinking the global economy dramatically by -3%, thus surpassing the effects of the Great Recession of a decade back. Continue reading “IMF’s World Economic Outlook, April 2020: Effects of the Great Lockdown”