Post-apartheid South Africa is facing three major economic problems: (1) slack economic growth, (2) high and growing unemployment and (3) among the world's highest income inequality and poverty indices. South Africa is currently caught in a macro-economic straight-jacket of tight monetary,...

This is the third and final paper in a three-part series exploring the decision-making process in China. Presenting reform as a holistic system consisting of economic, political, cultural, social and ecological subsystems, President Xi Jinping introduced a top-level design as the theoretical...

A ceasefire has been called in the trade war between the United States and China, but there is lingering uncertainty that will stifle aggregate spending until a "peace treaty" is signed. China is thus currently undertaking a precarious policy trifecta balancing act - trying to maintain steady...

Der Ausblick auf die internationale Konjunktur 2023 ist verschattet: Die Energieversorgung Europas ist ungewiss, die Leitzinsen steigen weiter, der Pandemieausbruch in China führt zu Produktionsausfällen. Belastungen für die deutsche Wirtschaft kommen von hohen Energiepreisen und einem...

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery. An event study of this episode provides important insights for Emerging Market investment and Russia's medium-term prospects. The initial surge in bond and stock prices in...