The European Union’s new member states from Central and Eastern Europe are required to join the eurozone as part of their accession agreements. But deciding when to adopt the euro is a matter of heated debate. It is not just an...
The results of spring elections seem to be sealed. The Hungarians may be getting ready for the next four years of the rule by Viktor Orbán and his System of National Cooperation. The Prime Minister’s support is growing, owing...
Just as a mutation of a deadly virus, which cannot be cured with existing medicine, the financial crisis has shaken pillars of the economic system forcing policy makers to go beyond conventional responses for downturns.
Anti-crisis regulations of the banking sector have a dark side. Bankers claim they can slow down growth due to reduced lending as well as force banks to transfer business from one country to another. And what will Poland do with...
The Hungarian government approached the Swiss government with a request for information concerning Hungarian citizens’ bank accounts in Switzerland. Budapest would like to have a bilateral agreement granting it access to all...
When Wayne D. Angell, who passed for the one of the Fed’s most vigorous inflation fighters, left the Fed in 1994, one of the American newspapers commented on his resignation – Angell leaves, the demon of inflation arrives....
To w ich kierunku zwrócone były oczy światowego biznesu, kiedy trzy lata temu wiele banków komercyjnych, firm ubezpieczeniowych i inwestycyjnych stanęło na skraju bankructwa. Banki centralne Ameryki i Europy zrzucały...
Bill White, formerly of the BIS and now with the OECD spoke to Bloomberg News during the KC Fed’s annual meeting in Jackson Hole, WY. He gave some rather pointed answers to questions about the Federal Reserve’s monetary...
The Managing Director of The International Monetary Fund (IMF) at a luncheon meeting today made the following remarks: The greatest danger to the world economy in the near future is that governments and central banks may...
Remittances are transfers of money by foreigners to their home countries. According to Wikipedia, these cross-border payments constitute „the second largest financial inflow to many developing countries, exceeding...