Thursday, 31 July 2014
"In response to the international financial crisis of 2008, global debt has been driven to high levels, and in the coming years macroeconomic conditions are likely to push debt burdens to even higher ratios across the developed and emerging worlds," writes CIGI Senior Fellow Brett House.
What Drove the Mid-2000s' Explosiveness in Alternative Energy Stock Prices? Evidence from US, European and Global Indices
Tuesday, 29 July 2014
Soaring prices in European alternative energy stocks and their subsequent tumble have attracted attention from both investors and academics. This paper by Martin T. Bohl, Philipp Kaufmann and Pierre L. Siklos extends recent research to an international setting and analyzes whether the explosive price behaviour of the mid-2000s was driven by rising crude oil prices and an overall bullish market sentiment.
CIGI at CEA 2014 (V): Lessons (and caveats) from Czech National Bank's foreign exchange interventions
Monday, 28 July 2014
Guest blogger former CIGI Research Associate Kevin English chronicles CIGI's panel at the 2014 Canadian Economics Association's annual conference, looking at Doug Laxton's presentation on the Czech National Bank's use of foreign exchange interventions.
Saturday, 26 July 2014
IFR's Christopher Spink cites a CIGI co-sponsored conference and subsequent report on Chinese perspectives on sovereign debt restructuring.
Friday, 25 July 2014
China’s growing economic standing suggests a power shift for the twenty-first-century global economy, as exemplified through the internationalization of China’s currency, the renminbi (RMB). RMB internationalization can fill China’s financial integration gap by promoting faster internal financial reforms, stronger interconnectivity between trade and finance, and greater economic responsibility.
Wednesday, 23 July 2014
"The recent economic and legal developments in sovereign debt markets have prompted a rethink of sovereign debt governance," write CIGI's Domenico Lombardi and Skylar Brooks. "The choice to chart a new course in debt governance lies with the states that comprise the IMF’s membership.
Monday, 14 July 2014
Kevin Carmichael, Washington Correspondent for Report on Business, cites former deputy governor at the Bank of Canada David Longworth's contribution to the CIGI-published volume Crisis and Reform: Canada and the International Financial System.
Wednesday, 9 July 2014
Guest blogger CIGI Research Associate Kevin English chronicles a presentation on "the brave new world of monetary policy," from CIGI's panel at the 2014 Canadian Economics Association's annual conference.
Tuesday, 8 July 2014
Guest blogger CIGI Research Associate Kevin English chronicles CIGI's panel at the 2014 Canadian Economics Association's annual conference, looking at Prof. Paul Beaudry's presentation on flexible inflation targeting.
Tuesday, 8 July 2014
"[A]mid considerable tumult, the conference aimed to create a stable international monetary framework that could serve as a cornerstone of a peaceful global order. And it succeeded – at least for a while," write CIGI's Harold James and Domenico Lombardi, commenting on the 70th anniversary of the Bretton Woods conference.