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Sovereign wealth funds' recent acquisitions of stakes in listed financials may only be the beginning of a broader phase of investing in public equities, says Huw van Steenis, Head of EMEA Banks and Financials Research at Morgan Stanley. 
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Global
Three Questions for the ‘Last Four’ and the ‘Big Five’
Manoj Pradhan & Joachim Fels | London
Examining the past four US recessions and five big bank-centred financial crises in other countries, we try to gauge the depth and duration of the recession in the US, the Fed’s policy response and implications for inflation. The Fed’s aggressive monetary easing will likely spill over into higher inflation, pulling bond yields higher.
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 Germany : Germany: A Re-emerging Economy?
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International Corporate Governance
This issue of the Journal of Applied Corporate Finance begins with a story celebrating the social virtues of free trade and economic growth.
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