Global central banking has become more complicated than ever. Jessica Einhorn, resident at The Rock Creek Group in Washington and former dean of Johns Hopkins University's Paul H. Nitze School of Advanced International Studies, uses poetry to break down the situation.
Jaime Caruana, general manager of the Bank for International Settlements, warned in an unusually frank speech that, while the ultra-low interest rates and ultra-easy monetary policy adopted by advanced economy central banks might have been the right response to the crisis when it broke, they are looking increasingly dangerous the longer they last.
A majority of European investors believe the worst of the euro-zone crisis isn't over yet, with weak economic growth prospects the central concern, a survey by Fitch Ratings said Monday.
ECB President Draghi said high-debt countries in the euro zone can't afford to backtrack on the progress they have made in keeping their public finances in check.
The euro zone is at risk of snatching defeat from the jaws of victory by abandoning efforts to cut budget deficits and fix long-standing economic problems, the OECD's chief economist warned.
