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  • Scottish vote 'damaging' - 16 Sep 2014

    Ahead of Thursday's referendum on Scottish independence, five senior OMFIF figures outline the consequences of separation.

  • The OMFIF Bulletin: Brics and pieces - 11 Sep 2014

    The Bulletin’s theme this month is division. In global money and finance, policy differences are becoming discordant.

  • Europe risks 'Japanese-style deflation' - 28 Aug 2014

    Fears for Japanese-style deflation in Europe after worsening economic data.

Scotland statement

The departure of Scotland from the United Kingdom would make European and international politics and economics less predictable, more volatile and less secure.

David Marsh, Lord (Meghnad) Desai, Sir Andrew Large, John Nugée, John Plender and Jack Wigglesworth outline 10 negative consequences of independence.

  • Click here to read the Commentary.
  • The OMFIF Bulletin: Brics and pieces

    Gulfs have widened between regions. Asia looks scornfully at the EU’s problems, recalling the very different medicine it was prescribed after its 1997-98 financial crisis. Among emerging markets, Argentina’s debt tussle with the US judiciary is whetting appetite for change in world financial  governance. China, India,  Brazil, Russia and South Africa have set up the New Development Bank – but already there are signs of institutional fragmentation.

  • Click here for more information about The Bulletin
  • Europe risks 'Japanese-style deflation' (1)

    'Europe is stuck in a really difficult place', David Marsh told CNBC 'World Exchange'. 'Germany is hit on two sides.' Uncertainties in the east with sanctions are compounded by lower growth in Germany's traditional No.1 trading partner France. 'It is heading for a crunch.' Marsh says Germany is considering tax cuts and spending increases in an effort to stoke domestic demand.

  • Click here to see the interview
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    • Acrimonious autumn

      by David Marsh in Washington | Tue 23 Sep 2014

      A policy divide is deepening between the US and Europe, with the former tightening credit and the latter considering further easing to boost its slow recovery. With political leaders in Germany, France and the UK absorbed by domestic in-fighting, coordinated action on stimulus measures is unlikely.

      MARKET: Europe

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    • Vote for common sense in Scotland

      by David Marsh in Montreal, Quebec | Fri 19 Sep 2014

      Scottish independence campaigners may have lost the vote, but they and Scotland will win more money and powers from Westminster. Other parts of the UK may soon be asking for the same. Meanwhile, onlookers in Europe and Canada are relieved that a precedent for separation has not been set.

      MARKET: UK

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    • Scotland's day of destiny

      by John Nugée | Thu 18 Sep 2014

      Many in England, Wales and Northern Ireland have complained that a decision affecting the whole of the UK is being decided by only 10% of its population. But a UK-wide vote on Scottish independence would be far more destabilising, putting relationships with the EU and Nato in question.

      MARKET: UK

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    • Scottish independence is unromantic but logical

      by James Brazier | Wed 17 Sep 2014

      Balancing yesterday's Commentary on the negative consequences of Scottish independence, James Brazier argues that separation makes sense. It would not be in London's interest to impede commerce with its biggest trade partner, so an independent Scotland could fare better than some expect – and even keep the pound.

      MARKET: UK

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    Allocation of and return on assets of Stichting Pensioenfonds ABP

    by William Baunton

    Stichting Pensioenfonds ABP is the largest global public investor in the Netherlands and the 3rd largest pension fund in the world.

    Allocation of and return on assets of Stichting Pensioenfonds ABP

    Deflation in Japan

    by William Baunton

    The relationship between deflation and demographic changes in Japan.

    Deflation in Japan

    Asset allocation at NBIM

    by William Baunton

    Asset allocation at the world's largest sovereign wealth fund is changing tack, switching from fixed income to equities.

    Asset allocation of NBIM

    World central bank reserves by region

    by William Baunton

    The rise of central banks’ reserves (including gold).

    World central bank reserves by region
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    Advisory Board Poll

    Panellists sceptical on New Development Bank

    26 Aug 2014: Two thirds of OMFIF advisers are doubtful about the impact of the new Brics development bank, according to our latest poll.

    Panellists sceptical on New Development Bank
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