Economics

The Global Impact of the U.S. Shale Energy Boom

Take 15 Series

Robert Johnston, director of the global energy and natural resources practice at Eurasia Group, addresses the prospects for the U.S. becoming a natural gas “superpower,” and the global geopolitical and investment implications of the U.S. shale energy boom.

The Promise of Abenomics

Project Syndicate

Nobel Prize laureate Joseph Stiglitz assesses this question: To what extent can “Abenomics” (the economic initiatives geared for bringing Japan out of the decades long deflation and slow growth) claim credit for the recent surge in domestic confidence in Japan?

Does Systemic Risk in the Financial Sector Predict Future Economic Downturns?

CFA Digest

Distress in the financial sector can be transferred to the real economy. The authors develop an early warning indicator that can predict future macroeconomic slowdowns six months before they occur.

The Importance of Financial Crises: Past and Present

Take 15

Robert F. Bruner, Dean of the Darden School of Business at the University of Virginia, discusses the 2008 crisis through the historical lens of a financial economist.

A Perspective on the Symptoms and Causes of the Financial Crisis

CFA Digest

By exploring causes of the 2007–08 global financial crisis from a banking perspective, the author finds that banks expanded through riskier liquidity and term asset/liability mismatches.