Government Liabilities: The Full Picture
- Date: 06/02/2020
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- Kate Mitrofanov
The debt-to-GDP ratio does not represent the full scope of government liabilities, potentially calling for alternative measures of a government’s default risk. Monetary policy constraints and demographic pressures are likely to call for increases in fiscal spending, further straining governments’ balance sheets The sustainability of a government’s balance sheet is….
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Modern Monetary Theory (MMT)
- Date: 04/02/2020
Modern Monetary Theory (MMT) is a political reaction to the constraints and costs of private financing for public spending. It is the explicit position that fiscal policy and monetary policy should be coordinated in order to avoid these constraints and costs. History is relevant. The future is untold. Money is….
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Money Market Stress and FX Spillovers
- Date: 18/10/2019
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- Andrew Bloomfield, CFA
September 2019 was a volatile month for US money markets as a confluence of events caused sudden shortages of excess reserves in the financial system. The Federal Reserve stepped in to shore up liquidity, but not before secured overnight funding rates spiked to over five percent. In this blog post….
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ESG and Currency
- Date: 11/09/2019
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- Canberk Yalcin
Co-authored with Aaron Cantrell. This article first appeared on Responsible-Investor.com The advancement of ESG data access and analysis gives investors the chance to expand the scope of their sustainability objectives and investment programs, including in new asset classes. Record Currency Management has been building the research and investment infrastructure for….
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