(8/10/2015) World oil prices have been highly volatile during the last decade. Over the past year they have fallen more than 50%.
Should we root for prices to go up, down, or stay the same?
Gas Taxes and Oil Subsidies: Time for Reform
Category Archives: emerging markets
Did China’s regulators exacerbate its recent stock market bubble?
(8/2/1015) The plunge of China’s stock market that has taken place since June 2015 has received a lot of attention. All the commentary says not only that the Chinese authorities have taken a variety of artificial measures to try to boost the market on the way down but also that they did the same during the huge run-up in stock prices between mid-2014 and mid-2015, when the Shanghai stock exchange composite index more than doubled. The finger-wagging implications are that the Chinese authorities, particularly the stock market regulator, have not learned how to let the market operate and that they had only themselves to blame for the bubble in the first place.
Only Tsipras Can “Go to China”
(7/20/2015) Alexis Tsipras, the Greek prime minister, has the chance to play a role for his country analogous to the roles played by Korean President Kim Dae Jung in 1997 and Brazilian President Luiz Inácio Lula da Silva in 2002.