Alle afleveringen
254 afleveringen, van nieuw naar oud
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The cautious approach to fixing banks will not work
30 juni 2009 · 9 min
Already the panic of 2008 is fading, yet without radical changes another crisis is certain, says Martin Wolf Lees meer
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Why honesty is the best fiscal policy
18 juni 2009 · 6 min
Cuts in real spending are as inevitable under Labour as under the Tories. The only question is where they might fall, says Martin Wolf Lees meer
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The recession tracks the Great Depression
16 juni 2009 · 8 min
The great likelihood is that the world economy will need aggressive monetary and fiscal policies far longer than many believe, says Martin Wolf Lees meer
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Why Britain has to curb finance
21 mei 2009 · 6 min
How should one manage a sector that produces such 'bads'? The answer is: in the same way as any polluting activity, says Martin Wolf Lees meer
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This crisis is a moment, but is it a defining one?
19 mei 2009 · 9 min
Is the current crisis a watershed, with market-led globalisation, financial capitalism and western domination on the one side and protectionism, regulation and Asian predominance on the other? Or will historians judge it, instead, as an event caused by fools, signifying little, asks Martin Wolf Lees meer
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Obama's conservatism may not prove good enough
12 mei 2009 · 8 min
The more the crisis unfolds, the more evident it is that incentives in the financial system were (and are) badly distorted, says Martin Wolf. At the end, will the number of institutions thought 'too big to fail' be as large as now and, if so, how will they be controlled? Lees meer
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Tackling Britain's fiscal debacle
7 mei 2009 · 8 min
The UK has lost control over public spending. Like it or not, voters must elect a government willing to get it back, says Martin Wolf Lees meer
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Central banks must target more than just inflation
5 mei 2009 · 9 min
Over almost three decades, policymakers became ever more confident they had found, in inflation targeting, the holy grail of fiat (or man-made) money. Today, they are struggling with the deepest recession since the 1930s and the danger of deflation. How can it have gone so wrong, asks Martin Wolf Lees meer
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Fixing bankrupt systems is just the beginning
28 april 2009 · 9 min
The largest economies have made the fundamental decision to prevent bankruptcy, but this is only the first step on the long road to financial health. Those who hope for a swift return to what they thought normal two years ago are deluded, says Martin Wolf Lees meer
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Is the UK once again the economic sick man?
23 april 2009 · 7 min
Fiscal deterioration in the UK and declines in manufactured output in Germany and Japan are two sides of one coin, says Martin Wolf Lees meer
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Why the 'green shoots' of recovery could yet wither
21 april 2009 · 9 min
Is the worst behind us? In a word, No. The rate of economic decline is decelerating. But it is too soon even to be sure of a turnround, let alone of a return to rapid growth. These are still early days, argues Martin Wolf. Lees meer
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Is America the new Russia?
17 april 2009 · 9 min
Decisive restructuring is necessary, because bankruptcy - and so losses for unsecured creditors - must be a part of any durable solution to this economic crisis, says Martin Wolf Lees meer
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What the G2 must discuss now the G20 is over
7 april 2009 · 8 min
Given the scale of the world's macroeconomic imbalances, it is far from obvious that higher regulatory standards alone would have saved the world. This is not just a matter of historical interest. It is also relevant to the sustainability of the recovery, says Martin Wolf Lees meer
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Credibility is key to policy success
2 april 2009 · 6 min
The ability to navigate through the financial crisis depends on the sincerity of the authorities' commitment to long-term stability, says Martin Wolf. Lees meer
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Why G20 leaders will fail to deal with the big challenge
31 maart 2009 · 8 min
The G20 summit is dealing with the short-term symptoms of chronic global excess. The world economy cannot be safely balanced by a small number of countries spending themselves into bankruptcy. Finding a longer-term cure for the illness still lies ahead Lees meer
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Successful bank rescue still far away
24 maart 2009 · 8 min
With the IMF expecting world output to shrink by up to 1 per cent this year and the economies of the advanced countries to shrink by between 3 and 3.5 per cent, this is the worst global economic crisis since the 1930s. So far the congressional response has been a disaster Lees meer
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Why the Turner report is a watershed for finance
19 maart 2009 · 7 min
Yet even this radicalism is limited: the report rejects division of the financial system into utilities and a casino. Lees meer
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Why saving the world economy should be affordable
17 maart 2009 · 7 min
Is there good reason to expect huge increases in public sector indebtedness across the globe? Yes. But this does not guarantee defaults. Lees meer
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Why the G20 must focus on sustaining demand
10 maart 2009 · 8 min
The right thing to do is 'more than enough.' It will always be possible to withdraw stimulus a year or two hence. It will be far more difficult to make action effective if depression, both economic and social, takes hold. Lees meer
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Big risks for the insurer of last resort
5 maart 2009 · 7 min
If the UK government believes bail-out must be piled upon bail-out, then banking must be treated as a regulated utility - end of story. Lees meer
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To nationalise or not - that is the question
3 maart 2009 · 9 min
We are painfully learning that the world's mega-banks are too complex to manage, too big to fail and too hard to restructure. Nobody would wish to start from here. But, as worries in the stock market show, banks must be fixed, in an orderly and systematic way. Lees meer
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What Obama should tell leaders of the Group of 20
24 februari 2009 · 9 min
The London summit of 1933 marked the moment at which joint efforts to manage the Great Depression collapsed. The summit of the Group of 20 countries, which will be held in the same city on April 2, must turn out quite differently. Lees meer
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Thinking anew on UK monetary policy
19 februari 2009 · 6 min
A cogent analysis of prospects for inflation has to be broader and more long term in thinking than that in the Bank of England inflation report. Lees meer
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Lessons from Japan for a world of balance sheet deflation
17 februari 2009 · 8 min
How far is that experience relevant to today? Japan was able to rely on exports to a buoyant world economy. This crisis is global: the bubbles and financial mania spread across much of the western world. Lees meer
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Why Obama will fail to rescue the banks with his new Tarp
10 februari 2009 · 8 min
The US president must do far more than hope for the best. Yet that is what one sees in his stimulus programme and, judging from the sketchy announcement by the Treasury secretary, in the new plans for fixing the banking system. Lees meer
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It is always the economy, stupid
5 februari 2009 · 7 min
I would far rather have to manage the UK through this crisis, despite the challenges, than Spain or Ireland, says Martin Wolf. Lees meer
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Why Davos Man is waiting for Obama to save him
3 februari 2009 · 9 min
However easy it is to blame the US for global economic woes, it is also to the US that the world looks for a solution. Concerted action is needed to reverse the downward spiral of despair, and that will only occur if the US gives leadership. Lees meer
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Why dealing with the huge debt overhang is so hard
27 januari 2009 · 9 min
Countries with large current account surpluses have long demanded an end to the profligate borrowing and spending of the customers upon whom they depended. They should have been careful what they wished for. Lees meer
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Are UK banks too big to rescue?
22 januari 2009 · 7 min
By offering guarantees, the government could be subsidising the recreation of a market in lemons. Lees meer
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Why Obama must mend a sick world economy
20 januari 2009 · 8 min
One idea the new US president should propose is a committee at the highest level to recommend a radical restructuring of global institutions. This would aim to lower the risk of emerging market crises like those that preceded the bubbles in advanced countries. Lees meer
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Why Obama plan is still inadequate and incomplete
13 januari 2009 · 8 min
If the fiscal deficits are to fall sharply in the medium term, as they need to, the new US president needs effective programmes for private sector deleveraging and global reform and adjustment. Lees meer
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Politicians squabble but no light emerges
8 januari 2009 · 6 min
The utterances of leading Labour and Conservative politicians do not explain how the UK is to emerge from its current quagmire. Lees meer
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Choices made in 2009 will shape global destiny
6 januari 2009 · 8 min
Some entertain hopes of restoring the globally unbalanced economic growth of the middle years of this decade. They are wrong. Our choice is between a better balanced world economy and disintegration. And it must be made this year. Lees meer
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Why Keynes remains relevant today
23 december 2008 · 7 min
Sixty-two years after the death of John Maynard Keynes, the father of macroeconomics, it is easier for us to understand what remains relevant in his teaching as the financial crisis deepens. Lees meer
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Testing times for 'Helicopter Ben'
16 december 2008 · 8 min
Central banks may resort to their most powerful weapons against deflation: the printing press and the so-called helicopter drop of money. Will this work? Yes. But returning to normality will prove far more elusive. Lees meer
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What to do with British banks
11 december 2008 · 6 min
The biggest challenge is getting through the extended emergency support to a more sustainable structure, says Martin Wolf Lees meer
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The eurozone depends on the US
9 december 2008 · 8 min
A robust recovery would eliminate the danger of some countries being badly damaged. If it does arrive, there is no doubt where it will come from: not from the actions of Germany to sustain domestic demand, but from profligate Anglo-Saxons. Lees meer
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The threat of imbalance to liberal trade
2 december 2008 · 9 min
The world has run out of willing and creditworthy private borrowers. In the long run, the global economy will have to rebalance. As in the 1930s, if the surplus countries do not expand domestic demand, the open world economy may even break down. Lees meer
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How Britain flirts with disaster
27 november 2008 · 8 min
Is the UK on the road to disaster? Is it mad to tackle a calamity caused by excessive borrowing with still more borrowing? No, if the government remains creditworthy. Yes, if it does not. So, after its pre-Budget report, should you trust the UK government with your money, or not? Lees meer
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Stock markets start to look attractive
25 november 2008 · 9 min
We have bad news and good news. The bad news is that the world economy is teetering on the brink. The good news is that, after an extended period of overvaluation, stock markets are, at last, attractively priced. This should have enticing implications for investors and even for audacious governments. Lees meer
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A gamble on investor confidence
24 november 2008 · 7 min
UK chancellor Alistair Darling has delivered not a pre-Budget report, but a crisis budget. Profligacy has replaced prudence as the watchword. But, the chancellor would insist, it is profligacy with a purpose. Will the government get away with its gamble? Lees meer
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Living perilously
21 november 2008 · 4 min
Panic has seized markets. Deep depressions deliver not healthy cleansing of excess, but social and political catastrophe. The time for aggressive countervailing action is now. Lees meer
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Eurozone membership is still no answer for UK
18 november 2008 · 8 min
In an uncertain world, an economy needs mechanisms of adjustment. The exchange rate is the most powerful such mechanism. Today's extreme circumstances have made the case for retaining exchange-rate flexibility not weaker, but stronger, says Martin Wolf. Lees meer
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What Britain's authorities must do
13 november 2008 · 6 min
The country must temper the needed adjustment to the shock, without destroying its longer-term credibility, says Martin Wolf. Lees meer
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Obama's economic challenges
11 november 2008 · 8 min
The president-elect must build on the achievements of his predecessors rather than turn the US away from the world. He must push reforms that help most Americans gain from globalisation and promote reforms abroad, says Martin Wolf. Lees meer
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Congratulations must go to the MPC
6 november 2008 · 5 min
The Bank of England's monetary policy committee has, in extreme circumstances, adopted the risk management approach followed by Alan Greenspan and Ben Bernanke at the Federal Reserve. It was right to do so. Lees meer
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What the British authorities should try now
30 oktober 2008 · 6 min
The idea that a quick recession would purge the world of past excesses is ludicrous. Choosing to risk a catastrophic downward spiral would be like deciding to let a city burn in order to punish someone who smoked in bed. Everything possible must be done to prevent the inescapable recession from turning into something worse, says Martin Wolf. Lees meer
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Preventing a global slump must be the priority
28 oktober 2008 · 8 min
The idea that a quick recession would purge the world of past excesses is ludicrous. Choosing to risk a catastrophic downward spiral would be like deciding to let a city burn in order to punish someone who smoked in bed. Everything possible must be done to prevent the inescapable recession from turning into something worse, says Martin Wolf. Lees meer
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The world wakes from the wish-dream of decoupling
21 oktober 2008 · 8 min
The worst consequences of the banking crisis - a true depression - have been avoided. But the impact of the implosion of what economist Nouriel Roubini calls 'the largest leveraged asset bubble and credit bubble in history' is hitting real economies hard, says Martin Wolf. Lees meer
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FT Special Debate: No more good times?
20 oktober 2008 · 52 min
Leading economists from London Business School - Lucrezia Reichln, Richard Portes, Andrew Scott and Helene Rey - dissect the roots of the financial crisis, and debate how badly the real economy will be affected. The debate was chaired on Oct 14 by Mark Malcolmson in front of alumni of the LBS. Lees meer
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