Tag: Lawrence Summers

• Thursday, November 3rd 2016 - 10:20 UTC

  Big Danger at the Lower Bound

  

  By Kenneth Rogoff
  
  Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.

• Thursday, May 5th 2016 - 12:27 UTC

  ECB will stop printing €500 notes in 2018 to help combat money launderers and criminals

  

  The European Central Bank has announced it will stop printing €500 notes in 2018. It says the move is to stop the notes being used by money launderers and criminals. In effect they are easily transportable. A million Euros in €500 notes weighs 2.2 kilograms and can be carried in a laptop bag.

• Friday, January 23rd 2015 - 06:20 UTC

  EU, US and IMF clash over the European economy and the Euro in Davos

  

  Europeans, including IMF chief and Americans clashed on Thursday in Davos during a debate on monetary stimulus that degenerated into a skirmish over the European Union economy and the Euro.

• Thursday, March 22nd 2012 - 06:58 UTC

  Developing countries nominate top candidates for the World Bank presidency

  

  The US is under intense pressure to nominate a top candidate for the World Bank presidency after developing countries put forward two credible contenders of their own.