Articles
Articles and analyses from the INET community on the key economic questions of our time.
The IMF Worries About EME Corporate Leverage
Hot on the heels of the BIS, now comes the IMF Global Financial Stability report, “Corporate Leverage in Emerging Markets–A Concern?”. Yes, a concern, and just in time for the annual meeting in Peru next week.
Travelling Knowledge and Tools
Why You Shouldn’t Fear China’s Devaluation
If anything, it points to a better managed global financial system and a more resilient Chinese economy.
Feminist Economists Challenge Austerity That Harms Women
Economist Alicia Girón explains why a feminist perspective is crucial to new economic thinking.
Debt-driven Growth: The decade prior to the Great Recession
The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.
EU refuses to acknowledge mistakes made in Greek bailout
As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.
Grexit: The Staggering Cost Of Central Bank Dependence
The ECB has decided to maintain its current level of emergency liquidity to Greece (ECB 2015). By refusing to extend additional emergency liquidity, the ECB has decided that Greece must leave the Eurozone. This may be a legal necessity or a political judgement call, or both. Anyway, it raises a host of unpleasant questions about the treatment of a member country and about the independence of the central bank.
Europe’s Attack on Greek Democracy
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.
Thoughts On Skidelsky's Rant Against The Current Economics Curriculum
The extremely wise Robert Skidelsky has an excellent rant against Anglo-Saxon economics departments
Fixing The Financial System: Adam Smith Vs. Jeremy Bentham
How do we create a “change in culture”?
