Search Results for: Bank for International Settlements
Currency funds are betting on recovery after a dismal decade
April 27th, 2018
After a dismal decade, active currency managers see light at the end of the tunnel. As a decade of ultra-accommodative monetary policy after the 2008 crisis now appears to be nearing its end, funds that invest in currencies as ...
Currency exchange value dynamics
March 2nd, 2018
In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the ...
Brexit – the battle for ideas
February 9th, 2018
The battle for ideas in the Brexit debate comes down to two basic economic approaches. The neo-Keynesian macroeconomists in the permanent establishment, who manage the state as economic planners and regulators are on one side. They are naturally ...
The upcoming increase in interest rates
October 6th, 2017
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and ...
The logic of a modern gold standard
July 14th, 2017
The logic of a modern gold standard In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, ...
The Foreign Exchange Professionals Association welcomes the Global Code for FX Market
May 25th, 2017
The Foreign Exchange Professionals Association (FXPA), a Washington DC-based organization that represents the collective interests of the full array of professional foreign exchange industry participants, has issued today an announcement to welcome the release of the Global Code for ...
CLS FX trading activity of April down 5 percent than in March 2017
May 16th, 2017
CLS FX trading activity1 – April 2017 In April 2017: The average daily traded volume submitted to CLS was USD1.52 trillion down 5.0 percent from USD1.60 trillion in March 2017. April 2016 March 2017 April 2017 Average daily traded volume submitted ...
Business cycles are credit cycles
May 7th, 2017
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit. It ...
The European Commission proposes simpler and more efficient derivatives rules
May 7th, 2017
The European Commission is today proposing some targeted reforms to improve the functioning of the derivatives market in the EU. The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market ...
Drifting into fascism
December 30th, 2016
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because ...
