Topic: International Monetary Fund

Weak World Economy Has No Silver Lining

The global economy is "...in the deepest post-World War Two recession by far" (Reuters). In a recent report, the International Monetary Fund (IMF) stated that the global economy is expected to get a lot worse before it shows signs of improvement. This ...
Financial planning is a vital part of social development. Underdeveloped countries are generally weak in financial planning capacity. The ability to control finances and to model future outcomes demands a high level of skill that is often in short supply. A lack ...

Why Lending Standards Did Not Fall

Last week I wrote about new research from St. Louis Federal Reserve economists which, contrary to conventional wisdom, found very little evidence that subprime lending standards loosened in recent years.. The St. Louis Fed paper, written by Geetesh Bhardwaj and Rajdeep Sengupta, ...