Bank Of England
The former Bank of Canada governor is slated to become a UN special envoy on climate change.
Perhaps you've heard of the notion of a global carbon quota. I first learned of it a few years ago, and got a refresher on the subject last month. It jolted me then, but even more so this time. Here's an overview, with some basic math.
The banking executives at the heart of the 2008 financial crisis “got away without sanction” and that has to change, Bank
Growth is up, and it's looking like inflation is hard on its heels. The U.K. is charting this new course; we'd all do well to watch with interest, and to wish them well.
In an unprecedented move, the Fed undertook an extraordinary experiment in monetary policy. Unable to further target an interest rate, already at zero, the Fed began announcing a quantity of cash that it would inject into the financial system by purchasing large numbers of government bonds and other highly-rated securities, and replacing them with cash.
Mark Carney has injected a little sense and sensibility into a debate in Britain about women on currency. The former Bank
We don't know for sure who will be tapped for the job of Governor of the Bank of Canada. What we do know is that the individual will be a Canadian. No other nationalities were invited to apply. But, in 2013, does such a citizenship restriction even make any sense? Or is it just another manifestation of good, old-fashioned Canadian parochialism?
Today the UK chancellor announced that the head role at the Bank of England would go to none other than the current Bank of Canada Governor, Mark Carney. The bet is that Carney can wave the same magic wand for the UK, though it's going to take more than a doctorate from Oxford to overcome the relatively larger challenges facing that country versus Canada, with its proximity to a troubled Eurozone.
Governor of the Bank of Canada Mark Carney has been selected as the next Governor of the Bank of England, a bold move by one of the world's oldest central banks. His term at the head of the Bank of Canada was due to end in 2015, and so the move is surprising for many Canadians.
If European leaders can't hammer out a solution to the continent's runaway credit crisis, the world's economy will face a