The Politics of Financial Volatility

The Politics of Financial Volatility

Originally published on Project-Syndicate.org | March 2, 2016 The world’s political and economic leaders have ranged far and wide in search of reasons for the recent spike in global financial volatility. But they should focus closer to home: Politics is largely to blame – not only in the West, but also in China and emerging… Continue Reading

What I learned at Davos

What I learned at Davos

Originally published at Project-Syndicate.org | January 29, 2018 Davos man must change. But that cannot mean rejecting the core commitment to the view that human ingenuity, fostered by open societies and rewarded by markets, remains the sturdiest foundation for the advancement of humankind. DAVOS – The World Economic Forum’s annual flagship meeting in Davos has… Continue Reading

Today’s Dark Lords of Finance

Today’s Dark Lords of Finance

The unprecedented period of coordinated loose monetary policy since the beginning of the financial crisis in 2008 could have large unintended consequences. In particular, institutional investors, such as pension funds, have responded to near-zero interest rates by making riskier investments – leaving them dangerously exposed. Continue Reading