Paul Krugman warns of global recession by year-end, says absence of effective response during slowdown main concern
Speaking at the World Government Summit in Dubai, Paul Krugman said it was unlikely that just "one big thing" would prompt an economic downturn.
Baker said during a 1994 speech in Hartford, Connecticut, that his goal for the Observer was to render the federal government, politics and diplomacy accessible through plain, easy-to-read language
The small businesses are in a frenzy as the vendors aren't accepting old currency and new currency is scarce as it is rationed.
US election 2016 issues: How the financial markets will be impacted by Donald Trump and Hillary Clinton
Eight years on, the economy's recovery from the havoc brought by the financial crisis has been halting and slow.
The dollar is already strengthening against the euro on the back of a weak euro region brought about by the Greece crisis. The Chinese move will only aggrandise the same.
The policies followed by major central banks around the world were in danger of slipping into the kind of beggar-thy-neighbour strategies that were followed in the 1930s, the RBI said.
The Great Depression started in the United States after the stock market crashed in October 1929 and then gradually spread to other parts of the world.
The RBI governor was addressing the 'Perspectives' conference organised by AQR Asset Management Institute at the LBS campus on the subject of 'The Central Banker Perspective'.
The politics of the west's sanctions against Russia and the Saudi bid to fix Iran and Russia by keeping oil prices low is driving the world to its next crisis. The west may find that in trying to fix Putin, it may be shooting itself in the foot
Reserve Bank Governor Raghuram Rajan has warned that global markets are at the risk of a "crash" due to the lingering competitive loose monetary policies being followed by the developed economies.<br />
The former chief economist at the International Monetary Fund compared the current global markets to the 1930s - a period marked by the Great Depression.<br />
In a scenario where consumers decided to save more the money would land up in banks. Banks would suddenly have more money, leading to lower interest rates. Lower interest rates would mean that businesses would borrow and invest more.
JPMorgan Chase & Company has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis.
The conditions prevailing today are similar to 1975-76, when gold prices crashed before rising spectacularly by eight times
According to the World Trade Organisation, only 1-2 percent of world commerce has been affected since the onset of the crisis by trade curbs of one sort or another.<br /><br /> <br /><br />
The Fed is widely seen as the only major policy player that operates independently of politics and looks to be the only government institution in which the markets have any faith.