A year ago the Icelandic government seized control of the country’s big three banks following a run on their deposits. The designer fashion shops are still kicking — but the piper (in this case the IMF) must be paid.
International Monetary Fund
Why households must save to save the economy
Keynes’ Paradox of Thrift says that if everyone starts saving during a recession then reduced demand can make things worse. So spending has traditionally been encouraged. But a new IMF paper challenges the theory.
IMF: world’s advanced economies will contract by 3.8%
US interest rates are falling, commodity prices are weakening and share markets are weakening as investors seemingly position themselves for more bad news.
Indonesia: the economy and the election
Indonesia is one of the rare countries whose economy is set to expand this year, says the IMF. And heading into the election, President Susilo Bambang Yudhoyono is getting the credit.
IMF report to give a real glimpse inside China’s economy
Later this week we should get the first comprehensive and independent examination of the Chinese economy for three years.
The Irish economy ain’t smiling
There’s a very simple, but brutal equation in world finance and business: Ireland = basket case.
New liquidity rules to lift the cost of banking
Australian regulators are discussing a new system of liquidity rules for the Australian banking system that will force the banks to protect themselves against higher interest rates in times of crisis.
That’s no green shoot, that’s Australia in full bloom: OECD
It’s clear that Australia will have the best performing economy among the major economies this year.
Good news, bad news, but IMF takes a sober line on the US
The risks remain on the downside in the US economy.
G8 does little to address the ills of Europe’s banks
There is growing concern — for growing reason — over the health of Europe’s banks.
Germany: worst banking system ever
Most German banks are either broke or on life support.
