Article: For Telcos, There’s An Inherent Cybersecurity Risk In Just Doing Business

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For Telcos, There’s An Inherent Cybersecurity Risk In Just Doing Business

Daniel Woods, 10 March 2021

Telecommunications companies are in the crosshairs of hackers around the world, and it’s a problem that everyone should be concerned about. Nearly everyone has an account with a telco, and those accounts can be gateways into your bank accounts, investments, digital currencies and other high-value targets.

In this industry, one misstep by a skilled security team could result in millions of dollars in losses for a company and its customers, not to mention embarrassing headlines, costly fines and brand damage that could last decades. Continue reading “Article: For Telcos, There’s An Inherent Cybersecurity Risk In Just Doing Business”

Article: Currency wars and the emerging-market countries

Article - Media, Publications

Currency wars and the emerging-market countries

Richard Portes, 04 November 2010

The headlines shout “currency wars”. The US believes China engages in “currency manipulation”. The authorities hesitate to declare this to the US Congress, and the Secretary of the Treasury says “competitive non-appreciation” instead. China accuses the US of excessively loose monetary policy, flooding the world with liquidity. There is some truth in both charges, but some exaggeration.

This is one of the key issues facing the G20. Exchange-rate pressures, global imbalances and rebalancing, spillovers and the desirability of policy coordination – these are at the centre of the economic interdependence between the developed and emerging market countries. All this is in the context of weak US and European recoveries from the Great Recession, the risk of deflation, and the likelihood of more quantitative easing (QE) by major central banks. Domestic issues and inability to get direct action on exchange rates has led the US to propose internationally agreed targets for current-account imbalances. The wheel goes round – these proposals bear some resemblance to those of Keynes at Bretton Woods, which the US then opposed.

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