Syndicate content

October 2013

A Billion-dollar Opportunity for Developing Countries

Otaviano Canuto's picture
The decision last week by the Swiss government to sign the OECD’s somewhat lengthily named Convention on Mutual Administrative Assistance in Tax Matters is the latest of a series of developments that have radically increased the amount and quality of tax information available to governments.

QE Tapering as a Wake-up Call for Emerging Markets

Otaviano Canuto's picture
Summer was marked by a strong pressure of capital outflows and exchange rate devaluations in several systemically relevant emerging markets. A global portfolio rebalancing was put in motion on May 22, when talk of the U.S. Federal Reserve shrinking -- and eventually reversing -- its asset purchase program (QE or quantitative easing) was made public.