Archive
Managing differences between diversifiable and systemic risk
A hierarchical risk management system is not the best way to go. It is costly and the benefits are insufficient. Diversification suggests a different approach. In a letter to JPMorgan
Midterm Series: What will it mean for energy markets?
Results of the midterm elections and local state races and the ensuing hydraulic fracturing and coal policies will affect international energy markets. Former US Secretary of State Hillary Clinton, with strong ties
Japan de-escalates the Senkaku-Diaoyu dispute
Japan seeks to improve the tense situation in the run-up to the APEC meeting in December. Prime Minister Shinzo Abe cannot afford risking trade relations with China. Japanese Prime Minister
Headwinds for the US and UK economies
Economies in the UK and US are bright spots in the developed world, but not quite bright enough to instill confidence. If there has been one trend across the developed
Ukraine parliamentary election will test divided country
The snap parliamentary elections scheduled for October 26 are an important test for Ukraine’s stability. Announced by Prime Minister Arseniy Yatsenyuk in August at arguably the high point of the
Brazil elections: Rousseff and Neves vie for Brazil’s top position
The upcoming election for the Brazilian presidency is tight, pitting center-right Aecio Neves against incumbent Workers’ Party President Dilma Rousseff. The results could have major consequences for Brazil’s internal market,
Brazil elections: Why the left has already won
Whoever wins the Brazilian presidential elections will have to accommodate a powerful legislature dominated by left of center parties, opposed to macroeconomic adjustment and proposals to attract foreign investment. Although the
Mexico’s security situation worsens
Despite significant efforts by the Nieto government, Mexico has been unable to curb the influence of organised crime and establish security across the country. The disappearance of 43 students is
Turkey has much to lose in Kobani
With the Islamic State’s insurgency in Kobani still raging economic fallout in Turkey has already begun. The Turkish state is making significant unforced errors, with damaging long-term consequences for its