• Move over ‘Arab Spring’, hello ‘squeezed middle’

    This week the good folks at Oxford English Dictionary declared ‘squeezed middle’ as 2011’s Word of the Year.  While it might strike some readers as strange to select a two-word phrase for the singular prize, ‘squeezed middle’ comes hot on the heels of 2010’s award winner ‘big society’.  And in doing so, it managed to fight off another heavyweight contender this year - the ‘Arab Spring’.

  • Gold bar

    The gold standard

    What do Alan Greenspan, Ron Paul and Robert Zoellick have in common? All three are calling for a return to the gold standard, in one form or another. And although the system fell out of favour over 60 years ago, volatility in foreign exchange means alternatives to the current system could gain popularity. This article looks at what the gold standard is and what its implications for treasury could be.

  • A short history of money

    In this article we look at how money itself came into being, examine some historical examples of inflation and consider the risks that arise when central banks resort to printing money.

  • Applying Six Sigma to treasury

    If CTQs, VOC and DMAIC mean something to you, you may well be a Six Sigma Black Belt. This article focuses on how a management strategy laden with acronyms can be put to practical use in improving treasury processes.

  • Quantitative easing: the new monetary policy

    ‘Traditional’ monetary policy in the US and Europe has revolved around adjusting short-term interest rates to control demand in the economy. The recent downturn has tested that policy to its limits. This article, the first in a new section looking at subjects beyond the core treasury topics, considers quantitative easing, a newer method of demand manipulation.

  • Adam Smith on banking and sovereign debt

    Over 200 years ago, the father of modern economics laid out clear and accurate explanations of today’s banking and debt crises.