Reuters - European stocks are slated for another fall on Friday after Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
The IMF 2009 country report on Canada discusses there current economic condition. As part of that they explore the success Canada had in regulating their banking sector (which stands in stark contract to the catastrophic regulatory failures in the USA and Europe). And also provide ample evidence of that wise regulation did indeed prevent the financial crisis.
Following the release of the Monetary Policy from the Federal Reserve, prices of gold slumped as investors turned away from the safe haven investment. Following the slump in prices of the yellow metal for immediate delivery, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) lost around 59 basis points of its value during trading on Wednesday.
From GoldCore Gold Borrowing Costs Hit Post-Lehman High - Hong Kong Jewellers And Banks Face Supply Issues Gold is little changed near a one-week high, and is marginally higher in dollars as the dollar has retreated from a three-year high, and higher in most currencies.
ATHENS – Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout program, the country’s European lenders said on Monday.
The long-awaited report from the European Commission and the European Central Bank details the findings of the “troika” of the EC, ECB and the International Monetary Fund on Athens’ efforts to meet targets under its 130-billion-euro (US$170-billion) bailout.
From the conclusion to "How Effective is Fiscal Policy Response in Systemic Banking Crises?", by E. Baldacci, S. Gupta, and C. Mulas-Granados:
This paper assessed the effects of fiscal policy responses during 118 episodes of systemic
banking crises in advanced and emerging market economies.