... October 11 and 17, U.S. Treasury Secretary Janet Yellen
reportedly
declined to answer phone calls from Ms. Georgieva, declaring her to be a
persona non grata
.
In Defense of Reason
Along with these concerted attempts to tarnish the good name of the IMF’s Bulgarian female managing director, some voices profoundly disagree with the accusations against her.
Shanta Devarajan, who was involved in overseeing the World Bank’s “Doing Business” report in 2017,
called
WilmerHale’s findings concerning the accusations of applying “undue pressure” by Ms. Georgieva on her staff being ...
The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis
...
... foreign reserves could help mitigate the effects of the crisis. Their foreign reserves helped up to a point. Yet, even after the usage of these foreign reserves to stimulate their ailing economies, emerging markets were still at a disadvantage[2]. Output ... ... system. Recently, the leaders of the BRICS countries met in Brazil to establish the BRICS Development Bank, a counterpart to the IMF and the World Bank, specifically designed to increase the amount of money loaned to developing nations. The bank also was ...
With the souring of relations between the United States and Russia, Russia has expressed its desire to become less dependent on the US dollar. This is an understandable concern, given the political tension between the two countries, coupled with the threat of tougher US Sanctions on the Russian economy[1]. Simply put, the Russian government knows that it is at a disadvantage. The United States is Russia’s 5th largest trading partner, with 11$ Billion in trade volume, while Russia is United...
Currency Wars follows the actions of governments and central banks to manipulate their currencies and currency denominated securities to their advantage and to the disadvantages of foreign markets. At the present day the focus will be on China and the United States, as China has expressed concerns about the safety and reliability of the US dollar. America has dominated the global financial system ever since July of 1944. During this period, the financial leaders of the western world met in Bretton...
