Ninety years of blaming sterling upsets on malevolence of strangers, African markets build resilience in a challenging environment, and more

Ninety years of blaming sterling upsets on malevolence of strangers By Meghnad Desai and David Marsh

British Prime Minister Liz Truss and her allies say that gilt market turbulence and ensuing increases in mortgage costs are the fault of Russian President Vladmir Putin and the Federal Reserve. Rather than taking the blame themselves, UK governments over the decades have instinctively turned to ‘the malevolence of strangers’ to explain financial upheavals.

African markets build resilience in a challenging environment By OMFIF editors African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals.

MEETINGS  In conversation with UK law commissioner on digital assets Tuesday 18 October, RoundtableDigital assets regulation in the UK is in its nascent stage. This roundtable, hosted by the Digital Monetary Institute and the UK Law Commission, explores the potential directions in which the UK legal system could go.

ON DEMAND  What’s next for the Italian economy? Former Italian diplomat Antonio Armellini and Silvia Dall’Angelo, senior economist at Federated Hermes, speak with OMFIF Economist Taylor Pearce about the economic consequences of the 25 September general election in Italy.

LATEST REPORT The Bulletin, Autumn 2022 This edition of the Bulletin probes issues of protectionism and globalisation, charting geopolitcal conflict across Europe, the US, Asia and Latin America. Contributors analyse the implications of these issues for the econom