debt
Reports on debt See all →
Low interest rates: How long will savers be penalized?
Low, near-zero and negative interest rates around the world are depriving savers of potential earnings. Just a couple of years ago, it seemed as if a normalization of interest rates was on the horizon. Now, however, economic and political realities portend a “low-for-long” scenario. In fact, central bankers – in Europe especially – may even be tempted to go for interest rates that are “deeply negative.”
The EU’s next challenge: Emerging markets
For the global economy, the road ahead is unusually clear – it is headed for a gentle slowdown. But that is no reason for complacency. The next wave of trouble is already visible in the developing countries, which are highly vulnerable to rising interest rates. The EU could do much ...
The debt problem ignored
The world has grown addicted to ceaseless injections of new money, which can only be generated by incurring debt. As relentless fiscal expansion continues on both sides of the Atlantic, politicians have no long-term plan for dealing with the crushing liabilities it generates. A financial meltdown can be delayed for ...
What’s wrong with the renminbi exchange rate?
Prospects for a U.S.-China trade deal now seem to be hanging by a thread. Even before the most recent disagreement, however, the Trump administration had already begun drawing attention to a new question: whether China had been engaging in protectionism by manipulating its currency. But the administration’s argument reveals confused ...
Breaking through zero: New options for monetary expansion in the EU
After dropping interest rates close to zero and pumping 2.6 trillion euros into Europe’s economy through debt purchases, is the European Central Bank out of ammunition? Not necessarily. Through its “targeted longer-term refinancing operations” (TILTROs), the ECB is planning to use negative interest rates to pay commercial banks to make ...
Videos on debtSee all →
