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Mike Norman Economics

CULTURAL SHOCK or returning to Russia after the US / Why Russians don’t smile?

 I can't imagine not smiling all the time.A year ago I went to the United States due to the exchange program. It was a cultural shock for me because people there were very smiling and polite, while I was used to more reserved behavior in Russia. After 8 wonderful months in America I returned to my homecountry and then I had the reverse cultural shock. My compatriots seemed to me extremely sad, dull and rude. In this video I'm reflecting on my American experince and I am trying to understand...

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Basel 3 and gold

This looks like mostly an accurate assessment, if the regulatory modification is now going to allow Depositories to include a % of physical gold holdings as Tier1 assets priced in the reporting currency terms:  “Another benefit for the owner of precious metals will be the absence of monthly metal-smashing done by those trying to manipulate prices lower as option expiry periods get close. When banks hold physical metal as a primary reserve asset, they benefit more from gold’s rise than from a...

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Anya Parampil – US kidnaps Venezuelan diplomat: the case of Alex Saab

 Red Lines host Anya Parampil speaks with attorney Femi Falana about the shocking case of Venezuelan diplomat Alex Saab, who has been kidnapped for the crime of violating illegal sanctions in order to feed his country.Under pressure from the United States, Cape Verdean authorities arrested Saab in June of 2020 when he stopped in the country to refuel his plane while en route to a humanitarian mission in Iran. The US is seeking to extradite Saab over money laundering charges, however Falana...

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Old risks in new clothes: The changing nature of capital flows — Cathérine Casanova, Beatrice Scheubel, Livio Stracca

Since the Global Crisis, the channels of capital flows have changed significantly. This column analyses key trends and underlying drivers of capital flows since the Global Crisis, including the policy trade-offs. It documents the increasing importance of market-based funding, a growing reliance on domestic currency liabilities, and a less stable foreign direct investment environment, particularly for emerging market economies. Although these changes create risks which should be managed,...

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