Global news and insight for corporate financial professionals
SINGLE GLOBAL CURRENCY The success of the euro has fueled interest in a plan for global monetary union that could end currency crises and boost world trade. For decades there has been a groundswell ...
ANNIVERSARY TIMELINE OCTOBER 19, 1987: STOCK MARKET CRASH The Dow Jones Industrial Average (DJIA) falls 508 points, or 22.6%, in the steepest decline since 1929. Portfolio insurance and computerized trading takes some of the blame for what ranks ...
THE WORLD BANK The World Bank’s struggle to redefine its role in a globalized economy has raised a fundamental question: Do we really need a World Bank? No sooner had the dust settled after the controversial departure of ...