China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

May 2009

UK: Eddie George, A great central banker


Eddie George’s skills are missed now more than ever.


A great central banker died in April. The world will miss Eddie George, but it would have missed him more had he still been governor of the Bank of England. His were the qualities that seem to be lacking in his successor, Mervyn King, and it is hard to believe that the financial system would have been subjected to such...


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