Global Financial Crisis

The IMF belatedly rethinks austerity

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A new paper reveals that the widespread and indiscriminate shift to budget tightening in the wake of the financial crisis resulted in a feeble recovery.

UK hones Greek contingency plans

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Cameron's government expected to address consular issues concerning British citizens.

Greece should re-engage or face exit: France

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Italy sees no economic risks; says Portugal, Spain, Ireland and Slovenia particularly closed on Greece.

If Greece defaults, dominoes will not fall

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A possible 'Grexit' would be more likely to lower rather than raise the political incentives for other European governments to follow.

Scoreboard: Greek gridlock

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Markets on both sides of the Atlantic fell as hopes fade for a last-minute deal between Greece and its creditors, while oil slipped and gold regained some of its shine.

Will the bond market start the next financial crisis?

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The violent bond market rout rivals the ‘taper tantrum’ of 2013 and could become the trigger for a broader market correction.

The death knell of the market economy

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From the 1980s there was a general view that the market economy was the way to success and prosperity. The global financial crisis changed that game.

P2P lenders need to be tested by a recession

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Innovative and disruptive financial intermediaries won’t be trusted until they’ve had a chance to prove their mettle during an economic downturn.

The economics of wealth and sadness

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Lord Adair Turner rejects two of the most fundamental assumptions underpinning the modern economy. You should too.

The regulatory cure is overkill for the patient

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Fines worth hundreds of billions that have been paid out by banks don't automatically improve things for the intended beneficiary, the investor.

Rumours and runs in opaque markets: Evidence from the Panic of 1907

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The story of the run-up to the global financial crisis is not a new one. Regulators would do well to read up on the 'Panic of 1907'.

How the GFC took the wind out of global trade’s sails

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The GFC has resulted in weak global trade growth, but it will likely gather pace as major economies begin to invest and global GDP growth rates start to pick up.

Spain lifts 2015 growth target

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PM Rajoy flags target of 2.9 per cent growth for the year.

A better alternative to QE

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Central banks haven't gotten much bang for their buck via quantitative easing, but things could have been very different if they had chosen another path.

The uncertain trajectory of global economic policy

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Although much work has been done since the financial crisis, policymakers still don't have a good sense of where the global economy is headed.

Scoreboard: Surging dollar

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Expectations of a rate hike boosted the US dollar and pushed stocks lower, while European sharemarkets also declined.

Fed reveals internal debates of 2009

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Transcripts of central bank's 2009 policy meetings outline views at turning points in GFC.

Bring on the currency wars

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Contrary to popular opinion, a currency war could be just what the global economy needs right now.

Germany books record year for trade

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Official figures show demand for German exports, imports both rising; further growth eyed.

Is a Grexit the best option?

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Syriza's victory has set in motion a series of events that will not only determine the future direction of Greece but also the long-term sustainability of the eurozone.

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