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GIC Board Member, J. Paul Horne: Powers of the U.S. Federal Reserve and the European Central Bank

January 01, 1970

To put into perspective possible structural changes for the Fed and ECB, it is useful to look at their origins. The Federal Reserve Board today describes itself as “an independent entity within the government,” whose Chairman is appointed by the U.S. President, subject to Senate confirmation.

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Peter Alois – “Views from the Persian Gulf on Election Day”

January 01, 1970

In sum, it was a great trip, reconnecting me with the latest global views of the Persian Gulf while identifying potential clients for my own business. I encourage all of you international travelers to take the pulse of your local contacts on your next trip overseas. And then please share that with us on your […]

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David Kotok: “Vladimir Putin, Teddy Roosevelt, the GIC & me on a Baltic Non-vacation”

January 01, 1970

We left the Baltic region Friday morning concerned for the security of the EU. We suspect the Russians have a trifurcated strategy: (1) They will use the energy card (electricity, oil and gas production, pipelines, and the power grid) to project their power on the EU and NATO member states. (2) They will use their […]

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John Silvia – “Subprime Credit: The Evolution of a Market”

January 01, 1970

America’s latest credit cycle, subprime mortgage lending, is not, contrary to popular commentary, a unique experience.

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Paul McCulley – “The Paradox of Deleveraging”

January 01, 1970

Conventional wisdom holds that when an economy faces a paradox of private thrift, it is appropriate for the sovereign to go the other way, borrowing money to spend directly or to cut taxes, taking up the aggregate demand slack.

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Richard Bendis – “A New Direction for Technology-based Economic Development”

January 01, 1970

Accelerating innovation to drive economic growth is the foremost goal for technology-based economic development organizations today. Realizing this goal through programmes is challenged by limited and outdated operating models. The authors outline their 21st Century Innovation Intermediary model, which pairs commercialization with regional connectivity to accelerate innovation for regional economic growth.

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Victoria Marklew

January 01, 1970

With the economy slowing rapidly but headline inflation well above the upper limit of the central bank’s target in recent months, it was a close call whether Sweden’s Riksbank (central bank) would raise its repo rate again this month.

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