COMMENTARY: Forgoing EU benefits 'act of self-harm'
I was a diplomat for nearly 40 years, writes David Warren, and spent much of that time promoting British trade and attracting FDI. Membership of the EU single market and customs union was a magnet for the latter, and no hindrance to the former. For the UK, dispensing with these benefits would be an act of self-harm.
'Unelected Power', from Paul Tucker, former Bank of England deputy governor, ranges over the risks of untrammelled growth in central bank powers after the financial crisis and the need to constrain them in a series of agency agreements fully intertwined into the fabric of elected government, writes David Marsh.
Low bonds yields, declining oil prices, quantitative easing, low interest rates, slow productivity growth and aging populations have led to heated debate over which asset classes public investors should pursue, writes Ben Robinson. It has also helped the shift into alternatives such as property and infrastructure.
The EU's General Data Protection Regulation becomes law on 25 May. No company collecting and processing EU individuals' data is exempt, warns Sarah Butler. Penalties for non-compliance are up to €20m, or 4% of annual turnover. OMFIF has redefined its data-processing activities to demonstrate best practice.
If ever there was a country in need of IMF aid, it is Argentina, writes Desmond Lachman. The peso is in free fall, and the government's credibility has been undermined by its attempts to curb the central bank's independence. The last thing Latin America needs is for Argentina to spiral out of control.
With rising inflation and a tightened labour market putting upward pressure on wage growth, it is unsurprising that some analysts expect the Fed to lift rates four times this year. At the same time, the Fed's long-term plan to shrink its unprecedently large balance sheet is in its sixth month, writes Otaviano Canuto.
Because of a handful of British parliamentarians, the UK's Brexit process is now more convoluted than ever, only 10 months away from the formal date of departure. Local elections in England on 3 May, which broadly confirmed the political status quo, have if anything deepened the stalemate, writes Chris Ostrowski.
German economists are debating what would happen to Target-2 intra-euro area imbalances if a member country left Europe's economic and monetary union. They are suggesting a framework to transform these imbalances into a collectable debt or credit that would be settled by the departing state, says Marcello Minenna.