Welcome to the World of Volatility
My last column “Regime Uncertainty Weighs on Growth” (October 2014) stressed that market participants do not know what the Big …
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Currency Wars, the Ruble and Keynes
The specter of currency wars once again haunts the international chattering classes. Remember back in 2011, when Brazilian finance minister …
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The Link between the Ruble and Keynes
On March 3, 2014, the United States went to war with Russia. That’s when the U.S. first imposed sanctions. And, …
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Bank Capital Punishment and Other Nostrums
Bankers — facing a barrage of new capital requirements, regulations and investigations — must feel as if they are targets …
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What about the Ruble?
The Russian ruble ended 2014 in bad shape. Not as bad as the Ukrainian hryvnia or the Venezuelan bolivar, but …
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How to Fix Putin’s Ruble
the Russian rouble ended 2014 in bad shape. For most of 2014, Russia faced ever-increasing economic sanctions which set …
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