The next crisis is already here

2022-08-30T07:38:34+04:00August 30th, 2022|Economy, Finance, News|

By Sameer Sharma Although monetary policy became the panacea to cure all economic ills and market crises over the past few decades, central banks can no longer use this magic wand to dispel the challenges they face today: runaway inflation and a recession looming on the horizon. The so called disinflationary “goldilocks” narrative – [...]

The ticking time bomb of pension funds

2022-07-01T10:43:59+04:00July 1st, 2022|Economy, Finance, News|

By Sameer Sharma More than a decade of low bond yields, high public debt supported by relatively loose monetary policies pursued by global central banks have created many challenges for pension funds in Europe and in North America when it comes to managing funding gaps. Pension funds receive monthly contributions and need to invest [...]

Le service bancaire, un marché vendeur

2022-06-27T12:12:09+04:00June 27th, 2022|Economy, Finance, News|

Par Mubarak Sooltangos Dans un pays à revenu moyen où il y a vingt banques pour une population de 1,3 million d’habitants, soit un des marchés les plus compétitifs et saturés du monde, on aurait pensé qu’il y aurait une compétition parfaite qui pousserait le niveau du service vers le haut et les coûts [...]

The toxicity of interest

2021-06-21T16:21:52+04:00June 21st, 2021|Finance, News|

By Mubarak Sooltangos In the previous issue of Conjoncture, the ineffectiveness of interest to promote savings, to beef up economic activity by supposedly encouraging investments, to discourage borrowing for consumption, to control inflation and to support national currencies were demonstrated. In this present paper, the harmful side of interest will be analysed, namely its [...]

Demolishing the myth called interest

2021-04-20T12:19:44+04:00April 20th, 2021|Economy, Finance, News|

By Mubarak Sooltangos The world is so deeply entrenched in a monetary system where interest holds a key role, and all economics and finance professionals, worldwide, are so subdued to the paradigm that the doctoring of interest rates can change a national economy for the better that my attempt to prove the contrary may [...]

Mauritius needs fiscal consolidation

2021-04-20T11:40:13+04:00April 20th, 2021|Economy, Finance, News|

By Amit Bakhirta “Do not save what is left after spending, but spend what is left after saving…” - Warren Buffet Mauritius faces more severe long-term economic scarring than Moody's anticipated a year ago, which will reduce both economic and fiscal strength. Indeed. We today highly appreciate a first indication that our borders shall [...]

The politics of fiscal policy

2021-04-20T11:30:03+04:00April 20th, 2021|Economy, Finance, News|

By Dhanesh Narroo Fiscal policy dictates the fundamentals of the economy and governments are tasked with regulating the economy to achieve desired targets. Unemployment, economic growth and price stability are three consequential areas of fiscal policy that are crucial to the economy. However, politicians often distort figures and definitions so as to satisfy their [...]

It is high time for unconventional monetary policy

2020-02-28T18:32:57+04:00February 28th, 2020|Finance|

By Sameer Sharma Conventional monetary policy is about the central bank having a policy rate which sets an interest rate floor for the interest rate structure of the economy. All other interest rates are derived from this floor with the addition, of course, of various risk premias such as term premia, inflation risk premia, [...]

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