Raising interest rates can’t stop Japan’s currency from sinking to a record low.
- Professor of Banking and Economics, University of Winchester
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
As investors anxiously await the announcement from the European Central Bank about whether the eurozone will implement quantitative easing (QE), we can tell from the ECB’s track record that it is very…
In the second quarter of this year Japan recorded its largest GDP contraction since the earthquake and tsunami hit in 2011. This time, the single most important reason for the downturn is technical: demand…
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