This paper utilises long term data series on short-term Japanese interest rates to identify historical changes in interest rate behaviour. Japanese trajectories are then compared to those of key foreign short-term rates and their relationship examined using cointegration analysis to assess the impact of international financial integration. The findings suggest that lasting changes began in...Read More
On 22 June 2013 the Bank of England concluded a Rmb200bn. (US$32.6bn.) currency swap agreement with the Peoples Bank of China in order ‘to promote bilateral trade between the two countries and to support domestic financial stability should market conditions warrant’ (Bank of England 2013; Noble 2013). This is the first such agreement with a...Read More
This is the first of a series of planned reports on microcredit in China. In this paper we offer our view of what is preventing microcredit from developing in China and offer a list of recommendations for Chinese policy makers that wish to promote this sector. Our preliminary analysis suggests that microcredit is not developing...Read More
“The strength, the solvency, the influence of Britain…are going to depend…to a unique extent on the speed with which we come to terms with the world of change. There is no more dangerous illusion than the comfortable doctrine that the world owes us a living…that whatever we do, whenever we run into trouble, we can...Read More
In the latest GPI Policy Paper, Chris Dixon focuses on the issue of an Asian Monetary Fund (AMF). At the time of its launch in March 2010, the Chiang Mai Initiative Multilateralisation (CMIM) was widely reported, particularly in Asia, as heralding the establishment of an AMF that would provide both an independent alternative to the...Read More
The GPI industrial policy programme for 2011/2012 is focused on finding ways to address key restraints to growth faced by industry in the UK. The aim is to be able to make constructive and well researched recommendations on measures that will aid UK economic recovery. Although, not traditionally regarded as an industry sector, small and...Read More
As the world’s political leaders prepare for the Cannes G20 meeting at the end of this week, bold solutions to global economic problems are once again on the agenda. Global economic circumstances require concerted actions and policy solutions from the world’s most important economies. But is the G20 in its current form able to deliver,...Read More
The intention of this short macroeconomic analysis is to discover whether the T-bonds trading will become a major factor in investment decisions of individual and institutional investors in the near future. The aim is to shed some light on such a trend coming from the global capital markets that might shape a new investment environment....Read More
Russia, Ukraine and Belarus lie geographically and geo-economically between the Atlantic core states and the Far East. They are attracted in two directions – by the capital rich Atlantic core, which seeks new locations for investment and by East Asia which wants these countries’ energy supplies, primary and semi processed goods. Thus it is understandable...Read More
On 17 April (2009), the second meeting of ASEAN (Association of Southeast Asian Nations) and AAF (Asia Forum) meeting took place in Singapore. This one-day conference was organised by the Singapore Institute of International Affairs (SIIA) and was attended by some 300 representatives of the region’s governments, private sector and think-tanks. Given the timing of...Read More
The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.
