Archive | Mark DeWeaver on Investments and Finance

Now moved to Investment

No easy fix for corrupt state banks

Last month, on the occasion of Rafidain Bank’s 69th anniversary celebration, the chairman reported that the bank was looking forward to implementing its new IT system “as soon as possible.”  The system, which includes the Mysis products “Bankmaster” and “Branchpower,” is supposed to increase efficiency and reduce operational risk by bringing together information throughout the […]

An Apocalypse with a Silver Lining

By Mark DeWeaver Iraq faces a big downside risk from the European sovereign debt crisis—perhaps an even bigger risk than that of renewed sectarian violence. While Iraq’s limited financial links to the outside world make it immune to contagion through the banking sector, sustained debt deflation in Europe would result in a big drop in […]

Read our new Expert blogger on economics and finance starting this week

The sovereign debt crisis in Europe could be bad news for the Iraqi economy if it leads to a sustained bear market in oil.  But a more likely outcome is that the crisis will cause central banks to continue their ultra-loose monetary policy, thereby benefiting Iraq by keeping oil prices high. Our new expert Blogger, […]