Practical analysis for investment professionals


Did the Gold Standard Work? Economics Before and After Fiat Money

Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British pound at the READ MORE ›

Is Japan the Canary in the Keynesian Coal Mine?

The policies that Japan has utilized for so long are now being emulated by many countries around the world. Japanese policy is the avant-garde of economics — or, perhaps, the canary in the coal mine.

Poll: What Effect Will Japan’s New Fiscal and Monetary Policies Have?

In a poll conducted earlier this week, we asked readers whether they thought the fiscal- and monetary-policy initiatives being undertaken by Japan's new government will lead the country out of the deflationary and slow-growth environment that has persisted for the past two decades.

Poll: Will the Bank of Japan Become More Aggressive in Weakening the Yen to Support Exports?

A recent article by the Telegraph notes that the Japanese yen has risen sharply since the onset of the financial crisis in 2008. In a poll conducted earlier this week in the CFA Institute Financial NewsBrief, we asked professional investors whether they expect the Bank of Japan to become more aggressive in weakening the yen.

The Japanese Debt Crisis (Part 2): When Does Japan Cross the Event Horizon?

Social spending is virtually exploding in Japan right now, and at the same time its population is aging. Can the event horizon for a debt crisis be that far off?

The Japanese Debt Crisis (Part 1): Has Japan Passed the Point of No Return?

Some of the best-known research on financial crises asserts that countries get into trouble when debt-to-GDP ratios surpass 80%. With a national debt that now checks in at roughly 220% of gross domestic product, Japan, at least by rule of thumb, should have collapsed a long time ago. Yet Japan has — thus far — somehow avoided a debt crisis.

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