Still lost in the old Bretton Woods
posted by Newswire on international finance - Bretton Woods Project | Sun, 27/12/2009 - 01:00During the past 10 years, the shortcomings of the international financial institutions in dealing with the problems of the modern economy became all too apparent. But despite a torrent of rhetoric about a new Bretton Woods, the world ends the decade with much the same system as it began. The lesson is that institutional fiddling is not a substitute for political courage. Financial Times, 27 December.
500 Internal Server Error
posted by Bretton Woods Project news feed on finance | Tue, 22/12/2009 - 20:21500 Internal Server Error
Thirty financial groups on systemic risk list
posted by Bretton Woods Project news feed on finance | Fri, 11/12/2009 - 10:57Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, the Financial Times has learnt.
IMF head warns against early exit from stimulus policies
posted by Newswire on international finance - Bretton Woods Project | Tue, 08/12/2009 - 01:00IMF Managing Director Dominique Strauss-Kahn said recently that while the global economy had clawed itself out of the worst of the economic downturn, it was still too early for a general exit from stimulus policies. "We recommend erring on the side of caution, as exiting too early is costlier than exiting too late," he said. Xinhua, 8 December.
Wall Street tax has great deal of merit - Nancy Pelosi
posted by Bretton Woods Project news feed on finance | Mon, 07/12/2009 - 13:48World Bank urges keeping fiscal stimulus till 2012
posted by Newswire on international finance - Bretton Woods Project | Mon, 07/12/2009 - 01:00Countries should not rush to end fiscal incentives to help their economies cope with the global economic crisis, in order to build a base for sustained long-term growth, the World Bank's chief economist said moneycontrol.com, 7 December.
IMF Review of Tobin Tax Proposal Is Welcome, FSA’s Turner Says - Bloomberg.com
posted by Bretton Woods Project news feed on finance | Wed, 02/12/2009 - 13:17The International Monetary Fund’s consideration of a tax on financial transactions is welcome, the head of Britain’s markets regulator said.
Brown takes campaign for Tobin tax to Commonwealth | Politics | guardian.co.uk
posted by Bretton Woods Project news feed on finance | Wed, 02/12/2009 - 13:04PM to tell heads of government meeting that tax should be among options to avoid further bank crisis, despite US opposition
Taxing the Speculators - Paul Krugman
posted by Bretton Woods Project news feed on finance | Tue, 01/12/2009 - 11:24Should we use taxes to deter financial speculation? Yes, say top British officials, who oversee the City of London, one of the world’s two great banking centers. Other European governments agree — and they’re right.
Why a financial transactions tax makes sense
posted by Bretton Woods Project news feed on finance | Tue, 01/12/2009 - 10:53Along with legislation to break up big banks, support is growing for another way to stabilize the financial system: a transactions tax.