US sanctions announced earlier this month may have triggered the plunge in the lira, but the government has been mismanaging Turkey's economy for years, creating severe vulnerabilities.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
While the RBA might not be able to influence the current cash rate, it can still influence longer-term rates by offering guidance about its future policy decisions.
The London Interbank Offered Rates is one of the world's key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
We rarely see residents of a city successfully push back in defence of their needs against the power of finance capital, which seeks to make money from the city. But Barcelona shows it can be done.
Financial illiteracy contributed to the last financial crisis.
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The finance industry has developed a powerful set of tools over the years, which could be used to improve well-being and solve our environmental problems.