China. RMB
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An ultimatum game of ichi-go ichi-e
There was an opportunity, one meeting at Osaka for world leaders at the recent G20 summit. A valuable starting point for the policy-makers, faced with a menu of economic theories, is trust in each other and a new inter-disciplinary approach with an emphasis on ethics and economics. Climate change, migration and displacement, IoT and 5G,…
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Drifting into a debt-recession trap
The despondency that has attached itself to the financial crisis is ‘taking shadows from the reality of things’. Dante would not approve. Europe is drifting into a prolonged recession as policy-makers worry about inflationary expectations and competitive devaluations. Households hope to be delivered from this agonizing crisis. Are there solutions? The following is a grand…
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EU as ‘off-shore’ hub for RMB
The search for a financial engineering solution in the EU is taking its toll on the European economy, creating a debt-deflation cycle that will suppress EU demand into the future and relegate the relative importance of the Euro as a credible currency in the global markets. EU policy makers should play the game not to…