The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades. Changes in the
The Food and Drug Administration recently granted emergency use authorization to a coronavirus vaccine from Pfizer, and approval for Moderna’s version is anticipated shortly.
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The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades. Changes in the composition of these holdings can, at best, be described as glacial in pace.
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As the pandemic resurges across many nations, it is only natural to wish for a swift return to a pre-pandemic world. If only we could quickly lift the clouds of uncertainty, frustration, and despair.
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Central banks have played a pivotal role in easing financial conditions in response to the COVID-19 shock, and helped avert a catastrophic downturn. However, their work is far from done. Yet more monetary stimulus will be needed to support economic recovery, and central banks are implementing innovative new strategies to provide it.
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With six Arab states having established relations with Israel, a new Middle East is taking shape. But the diplomatic progress, facilitated by the Trump administration’s compensation to those states, has its limits.
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Making it easier for people and goods to cross borders has been clearly shown to provide widespread economic benefits. But countries on both sides need to be prepared to take advantage of the new opportunities created.
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In order to be effective, land pooling needs to be supported by policy measures that ensure the benefits accrue equally to landowners, the community, and the government.
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US President Donald Trump finally confirmed Thursday that he will vacate the White House in January -- but he largely ignored the mounting challenges his successor is facing as he exits.
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Despite a global economic crisis comparable only to the Great Depression, near-term financial stability risks have been contained with the help of unprecedented monetary policy easing and massive fiscal support across the globe.
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This year, perhaps more than ever, we have drawn on the relationship to exchange views at times of great stress and challenge for the country as a whole.
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