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FROM THE BLOG
Debt Sustainability — A Truly Global Challenge!
Global debt, public and private, is at record highs! But there is no agreement on whether we should worry about this much. My new Cambridge Element, Debt Sustainability—A Global Challenge” argues that we should care. Debt does not only affect …
Q&A: An Exchange Rate History of the United Kingdom, 1945-1992
What do you find so interesting about sterling and currencies more broadly? The story of sterling after the second world war is fascinating as it is mirroring the decline of the British Empire. Sterling was the currency of a whole colonial Empire which sl…
Will There Be a Thaw Period in China after Xi?
Perhaps the biggest challenge to dictatorships is the danger and uncertainty associated with a leadership transition. No one—including the ruler—knows the real rules of transition, such as how the next ruler is chosen and how the incumbent sho…
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