Category: Keynes

Keynes to the rescue for Lebanon

February 7, 2020 0

  When all is said and done, bankruptcy is nothing more than an accounting phenomenon, and growth is a matter of confidence. Otherwise, why would the Bank of Japan be the sole proprietor of half of its national bond market and why are its holdings in bonds and shares in the country reaching 100% of…

By Michel Santi

If only we were all Japanese!

December 12, 2019 0

  The economists and bankers of my generation have had the habit of entertaining themselves by dividing the world into four types of economies: developed, emerging, Argentina and Japan. It is worth, however, updating this somewhat simplistic and caricatural joke by removing Japan from the list of economic aberrations. Albeit highly unlikely, the Japanese property…

By Michel Santi

Keynes’s shadow is looming over Brexit

October 27, 2018 0

“When the facts change, I change my mind”: this was one of Keynes’s maxims that became an established way of thinking. What would his attitude to Brexit have been? For or against it, he would nonetheless have been part of the negotiations to try and extract the best agreement possible, despite the strongly unfavourable conditions…

By Michel Santi