Chinese companies, in their well-capitalized, rapidly growing, and surprisingly lightly regulated markets, have become global innovation leaders.
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The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.
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By promising to intervene in vulnerable markets in the event of excessive financial volatility, the IMF, as the largest player, would reduce coordination problems among investors.
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The failure of credit markets is one of the major reasons for underdevelopment.
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One quote strips away the abstraction entirely, insisting that markets are really people — a useful Strategy for thinking about trade as a human activity, not just numbers.
