Economia e Finanza
SANTIAGO – During a visit to Rio de Janeiro last year, US President Barack Obama told a cheering crowd that Brazil is the country of the future no more. “For so long, you were...told to wait for a better day that was always just around the corner,” Obama said. “Meus amigos, that day has finally come.”
Turkey has one of the world’s zippiest economies, but it is too reliant on hot money
No one could have predicted that oil prices would rise to today’s levels.
James Carville famously remarked of the 1992 election that “It’s the economy stupid!” and the same will be true of the 2012 election. When President Obama came into office, he embraced the challenge of turning the economy around. The policies he followed to stabilize the banks and provide stimulus to a tumbling economy were the correct ones and succeeded in stopping the collapse.
PARIS – The United States is widely recognized as possessing the deepest, most liquid, and most efficient capital markets in the world. America’s financial system supports efficient capital allocation, economic development, and job creation.
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 8 March 2012 to keep the key ECB interest rates unchanged. The information that has become available since the beginning of February has conﬁ rmed the Governing Council’s previous assessment of the outlook for economic activity. Available survey indicators conﬁ rm signs of a stabilisation in the euro area economy. However, the economic outlook is still subject to downside risks.
CHICAGO – With the world’s industrial democracies in crisis, two competing narratives of its sources – and appropriate remedies – are emerging. The first, better-known diagnosis is that demand has collapsed because of high debt accumulated prior to the crisis. Households (and countries) that were most prone to spend cannot borrow any more. To revive growth, others must be encouraged to spend – governments that can still borrow should run larger deficits, and rock-bottom interest rates should discourage thrifty households from saving.
ONE of the perks of being governor of the Reserve Bank of India (RBI) is the use of a colonial bungalow on Carmichael Road, a posh street that weaves along a ridge in south Mumbai.
CAPE TOWN – At last, European leaders have revealed their top-secret plan for solving the euro’s crisis. And it is – drum roll – a version of the “Tobin tax,” a levy on financial transactions first suggested in 1972 by the Nobel laureate economist James Tobin.
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