If and when the ECB implements “full-blown QE”, there may be some positive spillovers for the rest of the world, but they would not be large. Countries elsewhere in Europe would benefit most from...

This weekend’s summit should end with pledges by individual G20 governments to implement reforms designed to boost growth. Even if little of this is new, the focus on growth is preferable to the...

Russia’s economic prospects are going from bad to worse, but barring a major escalation of geopolitical tensions, the effects beyond central and eastern Europe should be modest. The world’s largest...

Although co-ordinated exchange rate intervention is taboo at present, it has been attempted in the past and could, in principle, be tried again in future. Admittedly, both the political and economic...