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Central banks in mature and liberal economies have consistently advanced an image of exclusively technocratic establishments and kept political relations to a minimum. The main and single mandate received by most of them, namely to keep inflation under control, meant…
Read moreI read the other day with great interest, as I always do, the opinion of the distinguished professor Valentin Naumescu in his article “Is the wheel of History spinning? Why is the West losing ground to Russia and China? The…
Read moreIn March 2014, the Washington Post conducted a survey in the US on a national sample on Russia`s invasion of Crimea. The question asked was: how should the US act in Ukraine? Given that two thirds of Americans claimed that they…
Read moreThis week a debate between Jack Ma, the CEO of the Alibaba Chinese conglomerate and Elon Musk, co-founder and CEO of Tesla made headlines . The debate between the two took place at the World Artificial Intelligence Conference held in…
Read moreThe Amazon rainforest is going up in flames. Here is one telling piece of statistics among the plentiful statistical data on the millions of hectares of forest wiped out in the last weeks. According to the New York Times, the…
Read moreBloomberg is signaling the fact that in the first six months of the year countries all over the world have bought over 370 tons of gold, pushing the demand for the precious metal to a three-month high. This has caused…
Read moreThis is the second part of my talk with retired lieutenant general Alexandru Grumaz. RC: Given the competition for army digitization, what should Romania`s endowment strategy look like? AG: We should have a very clear understanding of what our specific needs…
Read moreI am talking this week with retired lieutenant general Alexandru Grumaz*, who throughout his professional career held senior positions within the Ministry of National Defense, as head of the Department of Defense Resource Management, director of the Integrated Defense Planning…
Read moreAt the end of 2016 I published a post entitled “The war of the century which will define our future”. There I noted that globalization had caused the Capital – Labor balance which ensured the sustained growth of a thriving…
Read moreIn a recent public intervention at the start of its new term, the Romanian Governor of the Central Bank, Mugur Isarescu, gave us some interesting insights into the local FX and money market developments. Practicing what he calls “FX intervention…
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