This article is contributed by Chitty Li He. Ever since the rout of Chinese stock market, the financial world has been ruminating on the association between the realities of China’s economic growth and the Fed’s schedule on hiking interest rate. … Continue reading From Beijing to Federal Reserve
Established on 17 May 1930, the Bank for International Settlements (BIS) is the world’s oldest international financial organisation. The BIS has 60 member central banks, representing countries from around the world that together make up about 95% of world GDP. The mission of … Continue reading 85th Annual Report of Bank for International Settlements
World Bank recently released one of its flagship economic research publication: Global Economic Prospects June 2015. Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs in a new era of low … Continue reading Global Economic Prospects: The Global Economy in Transition
Most economists agree that deflation hurts the economy. They believe that deflation increases the real value of debt and decreases the income of producers, which can lead to their insolvency. Also, deflation increases the real value of cash, and so people will hold cash … Continue reading Is Deflation Really a Bad Thing for the Economy?