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Is the BRICS rise over?

The decline of the BRICS has been exaggerated, and with their agreement to set up a joint development bank the group’s global influence looks set to rise  Read more

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IPSAS: the Greek elephant in the room

The Greek government’s failure to adopt international accounting standards means the fiscal opacity that existed before the financial crisis remains substantially unchanged. The costs to Greece and Europe are high but avoidable Read more

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USA: the wealth gap widens

The gulf between rich and poor is widening in the USA, with inherited wealth concentrated in ever fewer hands. Tax measures are needed to help redress the balance Read more

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Bank regulation: keeping it real

Bank distress during the recent financial crisis caused significant damage to the real economy. But simply improving corporate governance does not guarantee that banks will be safer in the future. Other measures are also needed Read more

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Post-crisis: time for a rethink

The global financial crisis triggered a series of medium-term policy changes, but many of these have become inapplicable to the new problems. Some fresh macroeconomic thinking is needed Read more

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US jobs data: ignore the noise

The fuss about rising US employment figures is unwarranted. Jobs growth remains slow, the economy is not overheating – and there is little risk of an inflation shock Read more

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Global megatrends: times a changin’

Policymakers are facing up to a world transformed from just a few years ago. The priority now is not to flinch from these challenges but to face them head on
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Welcome to the government finance renaissance

The global financial crisis put public financial management in Europe under a new level of political and public scrutiny. Government finance leaders have risen to the challenge, but they need to keep up momentum.

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EU recapitalisation: lost in translation

Euro area recapitalisation aims to reduce the risk of contagion from the financial sector to sovereign states. But it’s far less ambitious than originally conceived, and won’t tackle present and future crises Read more

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Getting to grips with good governance

With its myriad accountabilities and central role, the public sector needs a clearer understanding of good governance, argues the chief executive of the International Federation of Accountants Read more

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