Monetary Policy

Article - Friday, June 25, 2010

IMF restructuring "should go beyond adjusting quotas"

BEIJING, June 25 (Xinhaunet) -- Reforms in the International Monetary Fund (IMF) must go beyond readjustment of the quota shares to include adjusting the representation status and allowing economists of different backgrounds to join as senior staff.
Article - Tuesday, June 22, 2010

European bank-tax axis an ‘end run’ around G20

There is at least one group of winners from the British, French and German decision to jointly implement a bank tax: those who worry the rise of the Group of 20 has set the world on a path to global government.
Article - Tuesday, June 8, 2010

The less the G20 does, the better

As the Group of 20 summit pandemic spreads from the media, academe and think-tanks out into the political world and into the confused minds of citizens trying to make sense of it all, we have good news. Many of the worst ideas for global governance and policy have already been thrown overboard. By the time the G20 show gets to Toronto, along with the G8 leaders, the latest global-governance effort will likely have ended in a highly desirable state of minimal co-ordination and general indecision and inactivity aimed at taking action some time in the future.
Article - Thursday, June 3, 2010

The bank tax debate - blame Obama

If you are starting to tire of the debate over a global bank tax bank tax, blame Barack Obama.
Article - Wednesday, June 2, 2010

Leadership fight over bank tax looms

After five Canadian ministers publicly and loudly rallied against the financial transaction tax from different parts of the world on May 18, observers might have concluded the issue was now off the table. Canada's campaign had paid off.
Article - Wednesday, June 2, 2010

National securities regulator: Attracting foreign investment or just a symbol?

When Finance Minister Jim Flaherty announced last week the government's plan to create the national securities regulator, he made a point of linking the move with increased foreign investment.
Article - Thursday, May 20, 2010

G20 recovery blueprint implies cost-cutting, higher taxes

OTTAWA - G20 countries are being asked to sign on to an economic recovery plan that would require 20 years of austerity, cost-cutting and higher taxes, The Canadian Press has learned.
Article - Tuesday, May 18, 2010

Canada PM plays to voters in G20 bank tax debate

OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper is leveraging his position as G20 host this year to preempt a new push for a global bank tax by his peers, and perhaps also win some political points at home.
Article - Thursday, May 6, 2010

G8/G20 Global View: A levy that is about to give way

If you’ve ever seen a cyclist struck by a car, you know there is a surreal moment before the meeting of automobile and bicycle when your mind won’t accept the reality of what your instincts tell you is about to happen.
Article - Monday, April 26, 2010

Don’t be fooled by quick recovery, Mark Carney cautions

Bank of Canada chief Mark Carney warned against taking a faster-than-expected recovery to mean the financial crisis was less severe than advertised.