Germany’s May foreign trade deficit, the first since 1991, is a memorable moment. After all, the conventional view of the euro area is that Germany benefits. As outlined by commentators for decades, Germany’s foreign trade is subsidised by an artificially undervalued currency. So, May’s result is more significant than the similar March numbers for other EU nations. Given its more lasting character, consequences from this shift have implications for the bloc’s monetary policy.
Crypto crash has positive long-term implications By Lewis McLellan The collapse in cryptocurrency values over the past few months has been extremely painful for investors, but while many market participants are licking their wounds, others are taking a positive view of the shakeout.
MEETINGS Regulating virtual assets in Brazil Thursday 14 July, Roundtable The economic affairs committee of the Brazilian Senate has approved legislation to regulate cryptoassets, paving the way for votes in both houses of Congress. If passed, the legislation will give the Banco Central do Brasil new powers to regulate the cryptoasset market.
ON DEMAND The future of money and what it means for wealth managers As one of Asia’s most successful tech entrepreneurs, Du Jun, founder of Huobi Group, discusses how digital assets have the potential to transform the way that ultra-high-net-worth individuals invest, as well as his experiences of managing and utilising the wealth his business success has brought him.
Report: Global Public Investor 2022 More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory.
