Economics in Education
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In another financial crisis we would have far less wiggle room | Larry Elliott | Business | The Guardian

In another financial crisis we would have far less wiggle room | Larry Elliott | Business | The Guardian | Economics in Education | Scoop.it
After the 2008 meltdown, there is limited scope for monetary policy, nations are divided and populism is on the rise

Via Graham Watson
Graham Watson's curator insight, August 5, 2018 9:07 AM

Larry Elliott's in pessimistic mood in today's Observer, suggesting that we wont have the policy instruments available to deal with any possible future financial crisis.

 

He see four main constraints on the policy environment: a lack of wiggle room in monetary and fiscal policy, and less chance of international co-operation too. Factor in the rise of populism and you could be forgiven for thinking that we're doomed.  

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Talk of interest rates cut alludes to scarring from the global financial crisis - The Guardian

Talk of interest rates cut alludes to scarring from the global financial crisis - The Guardian | Economics in Education | Scoop.it
Andrew Haldane has raised the prospect of a permanent period of weak earnings growth that locks in low wages, low inflation and low interest rates

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Bank of England minutes to lift lid on global financial crisis - The Guardian

Bank of England minutes to lift lid on global financial crisis - The Guardian | Economics in Education | Scoop.it
Publication of Bank’s inner workings and discussions should shed light on 2007-2008 crisis

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How can central bankers avoid another financial crisis?

How can central bankers avoid another financial crisis? | Economics in Education | Scoop.it

It is an occupational hazard. Central bankers believe, with a mixture of wishful thinking and empirical evidence, that their own credibility is critical to the success of monetary policy. There is little room, then, for exhibiting self-doubt, with a tendency for new policies to be grasped with gusto and the old to be quickly discarded.


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Scottish independence is another financial crisis waiting to happen - The Week Magazine

Scottish independence is another financial crisis waiting to happen - The Week Magazine | Economics in Education | Scoop.it

Scottish independence officially ended in 1707 when the cash-strapped country accepted a full union with England after a disastrous scheme tried to colonize the Gulf of Darién in central America. Scotland had long been sliding towards incorporation with its larger neighbor to the south, having fought fierce independence wars with England in the Middle Ages, but this was the final nail.


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The Bank of England fears it may not spot the next crisis. Here’s where to look

The Bank of England fears it may not spot the next crisis. Here’s where to look | Economics in Education | Scoop.it
Policymaker Gertan Vlieghe shocked MPs with his admission about the limitations of forecasting. But it’s not hard to see where some hotspots are
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The Global Financial Crisis Of Greece - Documentary Films

The Global Financial Crisis Of Greece - Documentary Films The Greek government-debt crisis (also referred to as the Greek Depression of the Great Depression) is part of the ongoing European...

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Financial crisis repeat could force Bank of England to bail out markets

Financial crisis repeat could force Bank of England to bail out markets | Economics in Education | Scoop.it
Governor Mark Carney says central banks could have to step in after business lending shifts away from traditional banks

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Now Playing: Meltdown -- The secret history of the global financial crisis - rabble.ca (blog)

Now Playing: Meltdown -- The secret history of the global financial crisis - rabble.ca (blog) | Economics in Education | Scoop.it

ICYMI:  Here’s a fantastic documentary series produced by CBC's Doc Zone and worth viewing as we mark the sixth anniversary of the 2008 financial crisis that hit global markets in August of that year.


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The 12 Countries Most Vulnerable To A Financial Crisis - Business Insider

The 12 Countries Most Vulnerable To A Financial Crisis - Business Insider | Economics in Education | Scoop.it
A new report from Wells Fargo's Jay Bryson and Mackenzie Miller takes a look at developing economies and their potential exposure to a financial crisis.

 

 


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