• Sat
  • Sep 20, 2014
  • Updated: 12:08am

Public Finance

Forget a banking union, only fiscal discipline can save the euro zone

The European think tank Breugel recently produced a report suggesting there was a fundamental 'trilemma' between the European monetary union, national banking systems and the lack of fiscal union.

Saturday, 28 April, 2012, 12:00am

Putting faith in government iBonds is more iDiocy

There is a debt instrument that yields more than 6 per cent. It is simple, transparent, low fee, and involves no currency risk. It is easily traded on the Hong Kong exchange. The issuer is rated triple A (Standard & Poor's). It is the iBond.

Money Post, SCMP, April 23

24 Apr 2012 - 12:00am

Wider yuan trading a key reform step

Beijing has a knack for making policy announcements when they are most likely to add to the nation's political capital. True to form, the central government has widened the trading band of the yuan ahead of meetings in Washington of the International Monetary Fund, the World Bank and the G-20 summit. This is when China usually comes under pressure to allow the exchange rate to rise.

21 Apr 2012 - 12:00am

We need to pay up if we want benefits of welfare

After the drama surrounding the chief executive election, Hong Kong has started to accept the result and the expectations for positive change are high.

Obviously, one of the most prominent social problems is the disparity between the rich and the poor.

19 Apr 2012 - 12:00am

Mainland stocks rally on hints of monetary easing

Just a day after showing signs of losing steam amid a bleak economic outlook, mainland stocks yesterday jumped the most in more than two months as investors bet on monetary easing.

19 Apr 2012 - 12:00am

Our future economic success rests on the balanced sum of state and market

The more I study the Indian and Chinese growth models, the more I realise that the debate over the state versus the market is a false dichotomy. Both the state and the market are inseparable, interactive and interdependent social institutions.

14 Apr 2012 - 12:00am