In the Market: Fed beware the banking crisis of March
Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year “March madness.” Six months on, the craziness has abated, but the industry is scarred and still…
US banks hold $3.3trn cash amid banking crisis, slowdown worries
US lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact midsized banks. The…
Banking crisis scars struggling US real estate stocks
US real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest…
SDR allocation, monetary tightening, inflation, and banking crisis
While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs) allocation, and instead pushes countries, including Pakistan, under its programmes to adopt austerity and…
To prevent a banking crisis
During the first three years of its tenure, the present government borrowed massively from the domestic banking system, and that was mainly responsible for excessive monetary expansion and double-digit inflation…
Understanding this crisis
PAKISTAN is experiencing its most severe economic crisis in recent history. However, as I have argued previously, this crisis is “a crisis like no other” (Dawn, May 2022). It is…
Confronting the crisis: corruption, mismanagement, and the path forward
Corruption stems from the absence or inadequacy of constitutional rule and leads to a breakdown in governance, which is essential for economic survival, revival, and growth. Corruption erodes the very…
Pakistan amidst a polycrisis
The caretaker government has made a sensible decision to link any possible relief in electricity bills to the consent of the IMF in order not to jeopardize the ongoing standby…
Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism
The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
Serious economic crisis due to austerity policies, and weak multilateralism
Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
