A world in which borrowers get paid interest on their loans is a counterintuitive world, indeed. Watch Gene Sperling, former Director of the National Economic Council, weigh in on why central banks have resorted to the unprecedented policy of negative interest rates and the potential for competitive devaluations moving forward.
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The global economy struggled through a difficult year in 2015, leaving a range of challenges for policymakers hoping to avoid a third leg of the financial crisis, panelists at the Credit Suisse 2016 Asian Investment Conference (AIC) said. The Federal Reserve’s moderation in monetary tightening is crucial to sustaining fragile global economic growth in 2016, while structural reforms in China, India, and other countries are essential if struggling emerging economies are to regain their...
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