my paper on the new Development as Derisking paradigm, or #WallStreetConsensus, or Washington Consensus updated for age of financial globalisation, is now out!
it all started here, a life time ago, when evidence of the portfolio glut chasing development assets in the Global South was not so difficult to come by
we'll discuss what is so far the most ambitious technocratic proposal to leave behind the pro-cyclical, damaging fiscal rules that monetarism gifted Euroarea citizens
this is another seemingly technical, yet deeply political conversation - the Commission is working on plans to review the austerity bias built within EU fiscal rules, to be published by end of 2021.
the craziest invention of financial capitalism is my pension fund investing in a closed private equity fund that runs private care-homes, in which I may end up one day, and die faster than if we collectively agreed to organise all this through the state
and this after days of reading about the rush for infrastructure assets in Europe, with billions of institutional investment money waiting for mortgage loans to fail...
Housing as an asset class is another gem: US investors gobbling up urban housing to rent it, then tap the EIB for some subsidised loans to 'green' them.
this is big, @RishiSunak announces @bankofengland mandate to now include explicitly climate crisis.
The first large central bank to do so, no excuse to preserve carbon bias in collateral rules, in quantitative easing!
In our 2019 Green Finance report for @UKLabour , we proposed a Green mandate for @bankofengland
The Conservative Party delivered that, two years later.