OMFIF

Podcast: Ahead of the ECB Expected end of QE and implications for markets

Podcast: Ahead of the ECB

Expected end of QE and implications for markets

Marcin Stepan, deputy head of meetings at OMFIF, is joined by Francesco Papadia, fellow at Bruegel and former director general for market operations at the European Central Bank, and Alexander Petrov, assistant vice-president of policy and research in the official institutions group of State Street Global Advisors. They discuss the potential outcomes of the December 2018 ECB monetary policy meeting being held tomorrow in...

http://www.allaboutshipping.co.uk/2018/12/12/podcast-ahead-of-the-ecb-expected-end-of-qe-and-implications-for-markets/

Brexit tumult recalls Black Wednesday, Global financial stability roundtable

Commentary: Brexit tumult recalls Black Wednesday

By Trevor Greetham in London

The UK is in a fast-changing situation with much at stake. The degree of uncertainty over the future path of government policy on Brexit calls to mind the days running up to Black Wednesday in September 1992, when the UK attempted to raise base rates twice to defend the pound before crashing out of the European exchange rate mechanism. Prime Minister Theresa May has outlined three options for the UK as it looks to...

http://www.allaboutshipping.co.uk/2018/12/11/brexit-tumult-recalls-black-wednesday-global-financial-stability-roundtable/

India must regain investor trust

Second RBI chief quits amid autonomy clash with government

By Meghnad Desai in London
Tuesday 11 December 2018

Urjit Patel’s resignation as governor of the Reserve Bank of India echoes what his predecessor, Raghuram Rajan, did a little more than two years ago. India’s government is acquiring a reputation for invading the autonomy of institutions, harming the country’s standing as a haven for foreign investors, writes Meghnad Desai.

Click here to read Lord (Meghnad) Desai’s full commentary on the...

http://www.allaboutshipping.co.uk/2018/12/11/india-must-regain-investor-trust/

AKK’s rise: France, euro repercussions, City Lecture with Vítor Constâncio

Commentary: AKK’s rise – France, euro repercussions

By David Marsh in London

Annegret Kramp-Karrenbauer, the new leader of Germany’s principal governing party, faces a complex struggle to impose her will on her fractious Christian Democratic Union. She will pursue a more conservative path in key areas compared with still-Chancellor Angela Merkel. This has consequences for policies to stabilise the euro. ‘AKK’ is a long-time Merkel ally and, more recently, her designated successor. How well she...

http://www.allaboutshipping.co.uk/2018/12/10/akks-rise-france-euro-repercussions-city-lecture-with-vitor-constancio/

Fed signals slowdown in rate increase, Adapting to changing US-China relations

Commentary: Fed signals slowdown in rate increase

By Darrell Delamaide in Washington

It came as a surprise when US Federal Reserve Chair Jay Powell said in a speech that there was no ‘pre-set path’ for interest rate increases. But his address capped a dovish turn in the panel, rather than breaking new ground. As it turns out, he was simply channelling the Federal Open Market Committee meeting from three weeks earlier. The FOMC is not bowing to criticism from US President Donald Trump. Rather, the...

http://www.allaboutshipping.co.uk/2018/12/07/fed-signals-slowdown-in-rate-increase-adapting-to-changing-us-china-relations/

Preserving Britain’s place in the EEA, Brexit deal podcast

Commentary: Preserving Britain’s place in the EEA

By David Owen in London

The UK intends to remain a member of the European Economic Area on the same grounds as Norway, Iceland and Liechtenstein. There will be a deep free trade agreement in place on 30 March 2019 and no need to take recourse to World Trade Organisation tariff schedules for intra-EEA trade. Continuing in the EEA on this basis could unite many different viewpoints in parliament because, first, the UK would maintain significant...

http://www.allaboutshipping.co.uk/2018/12/05/preserving-britains-place-in-the-eea-brexit-deal-podcast/

European Central Bank, IMF, and Political Risk podcast

Vítor Constâncio, vice-president of the European Central Bank

City Lecture with Vítor Constâncio

Wednesday 23 January, 10:30
London

A city lecture with Vítor Constâncio, vice-president of the European Central Bank who served from June 2010-May 2018.

The lecture focuses on the developments in the euro area and the necessary steps needed to strengthen and reinforce the European monetary union framework.

Register to attend

Global financial stability

Thursday 24 January, 11:00

Tobias Adrian

New York

More...

http://www.allaboutshipping.co.uk/2018/12/04/european-central-bank-imf-and-political-risk-podcast/

Africa must accelerate market reforms, Interference at the Reserve Bank of India

Commentary: Africa must accelerate market reforms

By George Asante in Johannesburg

For Africa to grow, it needs a broad, all-inclusive financial market that facilitates investment. Policy-makers must pursue accelerated reforms to the continent’s financial markets, principally because these can be used to raise capital to meet the region’s significant funding needs, particularly for infrastructure projects. Africa’s transformation requires significant resources. For example, to achieve universal...

http://www.allaboutshipping.co.uk/2018/12/03/africa-must-accelerate-market-reforms-interference-at-the-reserve-bank-of-india/

Low expectations, modest victory

Low expectations, modest victoryBuenos Aires avoids bad outcomes

By Mark Sobel in Washington
Monday 3 December 2018

Another year, another G20 leaders’ summit. But memories of Buenos Aires may last longer than for some other G20 meetings. President Donald Trump behaved well. Expectations were exceeded insofar as worse outcomes were averted. There was actually a communiqué. President Mauricio Macri’s disappointing year – in which Argentina rather than seizing the spotlight fell into crisis – may be...

http://www.allaboutshipping.co.uk/2018/12/03/low-expectations-modest-victory/

The Bulletin: Up in the air

December 2018 Vol.9 Ed.11
The state of globalisation
From the UK’s Brexit challenge and US unilateralism, to trade wars and European immigration concerns, the unifying theme that preoccupied liberal policy-makers in 2018 was the political threat to economic globalisation and how best to share the benefits of an interconnected world.

For the last Bulletin of 2018, we invited contributors to review the state of globalisation. They address the increased importance of the regulatory component in...

http://www.allaboutshipping.co.uk/2018/12/01/the-bulletin-up-in-the-air/

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