Economy
Blockchain, Bitcoin & Beyond: Making Cents of Digital Currency

Blockchain, Bitcoin & Beyond: Making Cents of Digital Currency

Blockchain rose to prominence in the wake of the 2008 global financial crisis. Built upon a decentralised system of computer protocols and algorithms— known as ‘distributed ledger technology’— blockchain facilitates financial transactions made over the Internet. This technology has been mobilised to advance hundreds of digital currencies, among them: bitcoin, litecoin, and ethereum. For nearly...
Has Brexit Killed the LSE’s Latest Merger Attempt?

Has Brexit Killed the LSE’s Latest Merger Attempt?

Almost a year ago, the London Stock Exchange (LSE) and the Frankfurt Stock Exchange (Deutsche Boerse), proposed a merger in order to combine British, German, and Italian exchanges to create a large European market that could compete with the United States. This proposal has been widely criticised for creating a monopoly in certain sectors of...
China’s New Year’s Resolution: Deleveraging

China’s New Year’s Resolution: Deleveraging

As we kick off 2017, constructive, though prudent, economic reform is likely to hold precedent over all other New Year’s resolutions for the world’s second largest economy. Despite China’s efforts to quell the substantial growth of its shadow banking sector in the beginning of 2015, the industry has bloated to take hold of a fifth...
In Defence of NAFTA

In Defence of NAFTA

Donald Trump represents a bucking of tradition for the Republican Party in many ways. Perhaps one of the foremost issues on which Trump has led an about-face for the party is trade. As a candidate, Trump capitalised on populist fury toward international trade and channelled that fury into his stunning victories throughout the country— particularly...
India’s Demonetisation: Short-Term Pain For Long-Term Gain

India’s Demonetisation: Short-Term Pain For Long-Term Gain

Prime Minister of India, Narendra Modi, shook the economic world on 8 November 2016 with his unprecedented ban on certain Indian currency bills – known in India as the demonetisation policy – which among other things was put in place to curb black money, and create a credit-driven economy in the name of his anti-corruption...
United Kingdom’s £100m Defence Deal with Turkey

United Kingdom’s £100m Defence Deal with Turkey

The first month of 2017 was a tumultuous one for global politics— from the Brexit judicial decision to the inauguration of US President Donald J. Trump. One particularly surprising development was the materialisation of a £100 million defence deal between the United Kingdom and Turkey. These funds will help Turkey build fighter jets and will...
Optimistic Saudi Bond Pricing Portends Rocky Future

Optimistic Saudi Bond Pricing Portends Rocky Future

After oil plummeted from prices of 100 USD to record lows below 30 USD, the Saudi Arabian government is wary of being left with 70 years worth of oil reserves, as this could render the sovereign country dead in the water. Bearing the heavy shackles of oil prices would sink the heavily oil-dependent country into...
CETA

CETA

On 30 October 2016, Canada and the European Union signed what is being referred to as the largest trade of the decade: The Comprehensive Economic and Trade Agreement (CETA). Considered a milestone in trade agreements, the BBC states that the ‘deal removes 99 per cent of tariffs’ and plans to ‘generate and increase in trade...
Canadian Strong: Basic Income Trials on Track

Canadian Strong: Basic Income Trials on Track

The Canadian province of Ontario is moving forward with its highly anticipated plans to test universal basic income (UBI). The provincially sponsored C$25m initiative is expected to be finalized by Spring 2017 and will make Ontario the first North American government in decades to trial the controversial public policy. Designed to combat poverty, UBI is...
In Defence of Free Trade

In Defence of Free Trade

The march towards free trade has been strong and steady since the end of World War II. The removal of tariffs and non-tariff barriers were seen as an increasingly desirable way to encourage countries to cooperate and to develop new economic opportunities. Indeed, the creation of the European Coal and Steel Community (ECSC), comprising West...
One Small Step For OPEC, One Giant Leap For Global Markets

One Small Step For OPEC, One Giant Leap For Global Markets

It has been a tough year and a half for oil, specifically the price of a barrel of crude in relation to the sheer volume of it being pumped from the ground. Since April of 2015, the price for crude has been declining steadily, and has subsequently been wreaking havoc on global markets and economies...
America Turns Its Back on TPP

America Turns Its Back on TPP

Although free trade was once the natural response by states to the globalisation of economies, many are now stepping backwards and re-weighing its benefits. The United States has taken a leading role in the creation of free trade agreements (FTAs) globally since the beginning of the 21st century and is now on the verge of...