Federal Reserve Chair Janet Yellen laughes during a news conference December 13, 2017 (Photo by Alex Wong/Getty Images) GETTY Economists extol the theoretical virtues of competition. But in the practice of their own profession, they seem to oppose it, especially in opening up professional economics to women. A recent surveyRead More →

President Recep Tayyip Erdoğan of Turkey campaigns in local elections in Usak on 27 March. Photograph: Anadolu Agency/Getty Images Financial markets in Turkey have experienced a fresh period of turmoil, putting the country’s recovery from recession at risk and raising questions over the health of emerging markets as the world economy slows.Read More →

Foreign exchange specialist CURRENCY MATTERS announced it will join IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, designed to optimize and accelerate foreign exchange and remittance services. By connecting to the World Wire network, Currency Matters now has access to a single unified network forRead More →

Asia’s worst-performing currency took five weeks to become its best. The turnaround has been fuelled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan. The optimism has led to local shares and debt luring robust flows, which have turnedRead More →

FEW ECONOMISTS can claim either to have successfully challenged the bedrock beliefs of their field or to have altered how governments pursue policies that affect millions. Alan Krueger, who died on March 16th, managed both. In research with David Card in the early 1990s, Mr Krueger showed, through careful dataRead More →

Foreign investors are back in business. The Indian stock market has gained significantly in recent weeks, owing to buying by foreign portfolio investors (FPI). A higher inflow of foreign funds is also strengthening the rupee. The Indian rupee touched a seven-month high last week due to buying by FPIs. Aside from global factors,Read More →