from MuniLand:

The end of muniland interest-rate swaps for Pennsylvania?

By Cate Long
January 18, 2013

Pennsylvania may have suffered more damage from municipalities using interest rate swaps than any other state in America. Many cities and school districts were sold these “hedging” instruments after former governor Ed Rendell pushed legislation allowing their use in 2003. The fallout for the state has been devastating.

from Global Investing:

EM interest rates in 2013 – rise or fall

December 3, 2012

This year has been all about interest rate cuts. As Western central banks took their policy-easing efforts to ever new levels, emerging markets had little recourse but to cut rates as well. Interest rates in many countries from Brazil to the Czech Republic are at record lows.

from Global Investing:

Emerging policy-Down in Hungary; steady in Latin America

November 28, 2012

A mixed bag this week on emerging policy and one that shows the growing divergence between dovish central Europe and an increasingly hawkish (with some exceptions) Latin America.

from MuniLand:

Detroit’s fiscal situation gets hotter

By Cate Long
June 11, 2012

Detroit is standing on the precipice of fiscal collapse. The Detroit Free Press reported on Friday:

from Global Investing:

Poland, the lonely inflation targeter

May 9, 2012

Is the National Bank of Poland (NBP) the last inflation-targeting central bank still standing?

from MuniLand:

Muniland’s huge Dodd-Frank win

By Cate Long
May 8, 2012

A huge win for muniland was finalized last week when the SEC approved new rules that will shine light on the municipal bond underwriting process. This Bloomberg headline says it all: "Bond-Disclosure Rules Backed by SEC to Protect States From Banks":