Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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December 16, 2020
Local and Traditional Leadership
Nigeria's Unitary Federalism
In May 1966, General Johnson Aguiyi-Ironsi, Nigeria’s first Military Head of State—also known as Johnny Ironside for his exploits in a peacekeeping mission in the Congo—promulgated the infamous Decree No. 34 of 1966, the “unification decree.”
December 19, 2013
Economics
The Federal Reserve Tapers: In Search of Calmer Waters
Yesterday’s decision by the Federal Reserve’s policy committee to modestly reduce (“taper”) its purchases of U.S. Treasury and mortgage-backed securities was a turning point in a number of respects. …
June 6, 2012
Trade
Morning Brief: Rising Pressure on Federal Reserve
Europe’s economic woes, a rough May jobs report (Bloomberg), and a recently growing specter of deflation could increase pressure on the Federal Reserve (WSJ). While one Wall Street economist sees clo…
October 30, 2020
Currency Reserves
It Is Time To Scrap the IMF's Reserve Adequacy Metric
The IMF reserve metric isn't working: it is failing to differentiate between obviously under-reserved countries like Turkey and Argentina and adequately reserved countries like China.
July 10, 2009
Weekly Federal Reserve balance sheet update
This post is by Mark Dow This just hit my inbox, from the research team at Barclays. Since we’ve talked a fair amount of late about the Fed balance sheet, I thought I’d pass it on. "Weekly Federal …