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Posts Tagged ‘area’

The Largest Duty-Free Safe Storage Area in the World

May 24th, 2010
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A perfect place to store gold bullion offshore? We expect gold storage operators will be opening shortly in the Singapore free zone. Peter Macfarlane reports below… It’s not just money that Swiss banks have been haemorrhaging lately (as reported in our last Q Bytes). As Swiss and other private banks are increasingly moving asset protection [...]

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Does a common currency area need a centralized fiscal authority?

May 13th, 2010

Paul Krugman has a thoughtful and thought-provoking column on Greece today. A large part of his argument is that Europe is not an optimal currency area because it lacks a large central government enacting transfer payments among the various regions.  That argument will be familiar to students of macroeconomics.  (See, e.g., the case study on monetary union in [...]

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