Capital mobility brings many benefits to a country's economy but can also create instability and worsen crises. Measures can and should be put in place to curb the more risky forms of capital flow and foreign-exchange speculation.
World
Latest articles from World
World
/ Western Europe
/ Italy
Italy: Survival or siesta?
August 30, 2010Italy exemplifies everything that is wrong with Europe - poor government finances, stultifying bureaucracy and rising labour costs. Can it sort itself out? Silvia Pavoni, an Italian national who lives in the UK, takes a long, hard look.
Getting Ukraine's finances back on track
August 30, 2010The deputy prime minister of Ukraine, Sergei Tigipko, explains what measures his government is taking, with the help of the International Monetary Fund, to get the country's finances back on an even keel.
Greek rescue: The big issue
August 30, 2010Controversy still surrounds the decision of the International Monetary Fund to bail out Greece at a rate of 3200% in excess of its quota. Writer Jane Monahan
Grigoriy Marchenko
August 30, 2010The lesson of the financial crisis for an emerging market such as Kazakhstan is that taking risks with financial stability for the sake of rapid short-term growth would be an inexcusable lack of foresight.
George Papaconstantinou
August 30, 2010George Papaconstantinou, Greek finance minister
Things look very different for Greece compared to a year ago. A new government intent on change, and the help of the IMF, has brought the country back from the brink of bankruptcy - and served as a wake-up call for the rest of Europe in the process
World
/ Middle East
/ Israel
Bank of Israel's tough love pays off
August 30, 2010The Bank of Israel's authority to regulate the country's banking sector is something that other supervisors can only dream of, and the benefits of it holding such power were seen during the credit crisis. Writer Philip Alexander
Nigeria's banks must reform
August 30, 2010Nigeria's banking sector is undergoing a series of changes aimed at overcoming the mistakes of the past. Writer Daniel Maalo
Building on more stable ground
August 30, 2010Fluctuations in oil prices have almost spelt catastrophe for Nigeria over the past year. The future of the country's oil industry now looks more secure, but the lessons of the past year have emphasised how important it is for Nigeria to strengthen its non-oil economy. Writer Daniel Maalo
Freedom pass
August 30, 2010Recent laws passed in Libya are aimed at removing the obstacles of previous legislations, allowing local businesses to compete and operate internationally, and bringing the economy into the modern age. Stephen Timewell reports.
