List of Finance and Banking articles
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fp-placeholder-social-share-3-2 Think Again: Money Laundering
From Moscow to Buenos Aires, money laundering scandals sap economies and destabilize governments. Policymakers blame crime cartels, tax havens, and new techniques like cyberlaundering. But dirty money long predates such influences. Without unified rules governing global finance, outlaws will always exploit disparate legal systems to stash the proceeds of their crimes.
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Will Globalization Go Bankrupt?
Global integration is driven not by politics or the Internet or the World Trade Organization or even -- believe it or not -- McDonald's. No, throughout history, globalization has been driven primarily by monetary expansions. Credit booms spark periods of economic integration, while credit contractions quickly squelch them. Is today's world on the verge of another globalization bust?
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Who’s Minding The Bank?
The World Bank is in crisis, struggling to devise a formula for development as critics slam it for incompetence, inefficiency, and irrelevance. Who to blame? Try bank President Jim Wolfensohn, whose personal failings and misguided policies have muddled the bank's mission and pushed its best staff out the door. But the bank's travails also underscore the hypocrisy of its rich shareholder nations, who speak grandly about reducing poverty but stand by as the world's top development institution falls apart. An exclusive investigative report.
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fp-placeholder-social-share-3-2 We Three Kings
Grappling with a global recession, the world's top central bankers discover that all political economy is local.
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fp-placeholder-social-share-3-2 Property Wrongs
How weak ideas gain strong appeal in the world of development economics.
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fp-placeholder-social-share-3-2 Think Again: Debt Relief
Debt relief has become the feel-good economic policy of the new millennium, trumpeted by Irish rock star Bono, Pope John Paul II, and virtually everyone in between. But despite its overwhelming popularity among policymakers and the public, debt relief is a bad deal for the world’s poor. By transferring scarce resources to corrupt governments with proven track records of misusing aid, debt forgiveness might only aggravate poverty among the world’s most vulnerable populations.