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FinWatcher in brief


       Posted on January 13th, 2013

The Role of Markets in Sovereign Debt Crisis Detection, Prevention and Resolution

IIF First Deputy Managing Director Hung Tran has delivered a speech at the BIS Seminar “Sovereign Risk: A World Without Risk-Free Assets?” In his remarks, Hung Tran discussed the role of markets and market infrastructure in sovereign debt crisis detection, prevention, and resolution. Given the prospect of slow growth, large budget deficits and [...]


       Posted on January 10th, 2013

Private Equity, HRM and Employment

This paper analyses the employment, wages, HRM and industrial relations impact of private equity, drawing upon empirical evidence from various countries and institutional contexts. The authors identify different types of private equity backed buyouts and highlight the impact of creating value through long and short term ownership, and strategies emphasizing increased efficiency or [...]


       Posted on January 9th, 2013

Currency Manipulation, the US Economy, and the Global Economic Order

More than 20 countries have increased their aggregate foreign exchange reserves and other official foreign assets by an annual average of nearly $1 trillion in recent years. This buildup—mainly through intervention in the foreign exchange markets—keeps the currencies of the interveners substantially undervalued, thus boosting their international competitiveness and trade surpluses. The corresponding [...]


       Posted on January 9th, 2013

Growth Forecast Errors and Fiscal Multipliers

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. The authors find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is [...]


       Posted on January 8th, 2013

The Re-emergence of Europe

In his new book, The Re-emergence of Europe, World Economic Forum Founder and Executive Chairman Klaus Schwab examines the events that have led to Europe’s current challenging political and financial climate. By looking at potential solutions through social, political and economic lenses, the book suggests likely outcomes to what Europe will look like [...]


267 pages