The Carry Trade Has Been a Winner. Why the Bank of Japan Is Giving It a Handicap.
The Bank of Japan ’s decision to raise interest rates for the first time in 17 years could have a...
archiveEconomics
BRICS eyes settlements in national currencies
Most countries at a meeting of BRICS finance ministers and central bank governors supported the departure from the dollar, agreeing...
Why Nigeria’s Naira Currency Has Plunged and Dollars Are Scarce (NGN/USD)
Nigeria pumps almost 1.5 million barrels of crude oil a day, making it the continent’s biggest producer. Yet this petrodollar...
Green shoots of recovery for UK house prices
House prices may flounder in the first months of 2024But the stage is set for a recovery in the second half of the year Last year proved difficult for the UK property market. House prices stagnated, falling by around 2 per cent in the year to November, as the chart below shows. Looking at mortgage rates, it's not hard to see why: the average rate for a two-year fix peaked at an eye-watering 6.11 per cent in July last year. Affordability for first-time buyers was stretched, while borrowing more to...
El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged
Central banks in more than 100 countries around the world are considering adopting digital currencies to increase financial inclusion and...
BRICS bank to release bonds in local currencies
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available...
New Tariffs Are the Last Thing the Stock Market Needs
About the author: David R. Breuhan is vice president of Schwartz & Co. in Bloomfield Hills, Michigan and the author...
Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies
Trade has been an inseparable part of the global economy since the dawn of time with the history of trade...
How Work From Home, Interest Rates Tipped Commercial Property Into Crisis
Back when money in the bank was yielding almost nothing, commercial real estate became a haven for investors in need...
An undervalued yen poses problems for the Bank of Japan
Japan’s exchange rate environment made a big turnaround in 2022, when the yen began to depreciate sharply. When it exceeded...
