“Gold”
25/09/12
The IMF gets radical
Inadequate, slow and badly-designed reforms
To some people’s surprise, the IMF under Christine Lagarde is pushing governments and stamping its authority on financial sector issues in ways that it has seldom done before. Following my prediction of another financial crisis (RP’s Diary, 23 September), the IMF today argues that banking reforms do not go nearly far enough. The reforms have…
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13/05/12
What is the “Money Trap”?
RP's Diary
I am in Hong Kong, enjoying a wonderful view over the harbour towards Kowloon. Here, it seems to be always boom time. Hong Kong has its occasional crashes and crises, but the default mode is one of optimism, expansion, innovation. Hong Kong is a crucial bridge between Europe and Asia, between the City of London,…
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