Speed Limits for Financial Markets? Not So Fast

2019-03-25T15:06:55-04:00June 1, 2017|

By IMFBlog

June 1, 2017

Traders on the floor of the New York Stock Exchange (photo: Andrew Kelly/Reuters/Newscom)

On the afternoon of May 6, 2010, a financial tsunami hit Wall Street. Stunned traders watched as graphs on their computer screens traced the vertiginous 998-point plunge in the Dow Jones Industrial Average, which erased $1 trillion in market value in 36 minutes.

There was little in the way of fundamental […]

Asia’s Ascent into the Global Economy

2019-03-26T12:37:38-04:00February 15, 2017|

By iMFdirect

Barry Eichengreen says what happens in China doesn’t stay in China anymore.

Eichengreen is Professor of Political Science at the University of California, Berkeley, and in this podcast he characterizes the emergence of Asia, and of China in particular, as “the most important economic event affecting the world in the last quarter century.” […]

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