Insurance/Reinsurance

Insurance/Reinsurance

Towards an alternative global currency

As 2012 approaches, the prospects of the US dollar as the dominant international reserve currency and as a store of value are a matter for concern. Yet when rumours of instability and crisis roil global financial markets the ensuing “flight to safety” still manifests as a headlong rush into USD-denominated deposits and securities.

Germany in the European (dis)Union

Germany faces a European dilemma. It is the only country that is able to lead Europe out of the euro crisis, but its prescribed medicine of fiscal discipline, free market competitiveness and long, hard work, rather than inflation fuelled, debt financed growth, has too much of a German ring to it to be popular with other member states.

UK immigration policy and the economics of migration

During the 2010 U.K. general election, the campaign rhetoric promised to continue to “bring down net migration to levels observed in the 1990s, while ensuring that only economic migrants who bring the most value to the economy would be admitted.” 

 

The role of payment card networks and the dangers of imposing price controls

Electronic payments in general and payment cards in particular are rapidly replacing cash and checks as the preferred means of making consumer as well as many business purchases. By enabling faster, more secure, traceable transactions, payment cards have been a key element in promoting greater integration of the world economy. 

 

 

The future of money.

Rapidly evolving technology and the most recent and ongoing financial crisis promise to significantly change the future of money. To look into the crystal ball for clues to its future, we must first agree on what money is.

The growing influence of Islamic law and its economic rules:

It is evident that the practice of Islamic banking is growing, not only in the Moslem lands but also in some European capital cities, principally London, where Sharia–compliant commerce is a growing factor in the modern banking sector. 

 

The Technology of Money

Nairobi – Some years ago, DFID – the UK Department for International Development – partnered with Vodafone to develop a secure software platform for performing a number of basic payment functions on mobile phones.