Publications

Working Paper No. 639 | November 2010

US “Quantitative Easing” Is Fracturing the Global Economy

The Federal Reserve’s quantitative easing is presented as injecting $600 billion into “the economy.” But instead of getting banks lending to Americans again—households and firms—the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight. No wonder foreign economies are protesting, as their currencies are being pushed up.

Publication Highlight

Working Paper No. 1051
Euro Interest Rate Swap Yields: Some ARDL Models
Author(s): Tanweer Akram, Khawaja Mamun
May 2024

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