Did central banks help the 2007 recession avoid becoming a Great Depression? Is Jean Monnet’s prophecy that European unity would be built by solving recurrent crises proving right? Francesco Papadia gives his own answers.
Will Hong Kong and Shanghai emerge as the pre-eminent world financial centres? Andrew Scott enters the futures market.
Are calls to regulate the banking industry too premature? Alex Edmans explores whether there is a need for a new financial reality.
Will a cultural change avoid a future banking crisis like the one precipitated by the collapse of Lehman Brothers in 2008?
There has been a plethora of regulation, whose aim is to prevent such a collapse ever happening again. Yet there is an uncomfortable feeling, that despite this activity, the financial system has not been reformed in a way which makes it safe, or makes it efficient.
Five years on from the collapse of Lehman Brothers, Andrew Scott, Professor of Economics at London Business School questions whether Basel III is a credible cure for the financial crisis that shook the world.
Linda Yueh selects essential reading for all those who want to understand the Chinese economic miracle.
This impasse looks like the result of a hasty set of calculations on what might happen, which is, among others, the results of the recent change-of-guard in Cyprus on the one hand, and of the hardening stance of Europe on the other hand.
George Osborne halves growth forecast but insists plan is working.