The Battle of Markets Vs. Governments

June 15, 2012

The Battle of Markets Vs. Governments

In light of the momentous events in financial markets this week, we present a special series of essays by Ravi Menon, managing director of the Monetary Authority of Singapore, the country’s central bank. He has a dual message for would-be reformers: Yes, Europe, governments need markets — and yes, America, markets need governments. The key is that markets and governments need to do what they do more effectively.

Markets and Governments: A Historical Perspective

Connect

From the Washington Consensus to a Singapore Consensus?

Dateline Singapore: Market Economies and Social Inclusion

Why Supervising the Financial Sector Really Matters

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Global Rebalancing: The U.S.-China Dimension
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Ronald Reagan’s Raw Deal for America
Since the Reagan era, Americans’ tax rates have been falling. If that capital had been invested in businesses, then those low tax rates could possibly be justified. Instead, it fueled a binge of consumer debt.

Southern China’s Thin(ning) Green Line
You have to blink hard to picture the glittering city of Shenzhen as the fishing village it was some 30 years ago. Now home to 10.3 million people, Shenzhen has become the poster child of modern China’s economic opening.