Fiscal dominance and the unexpected rise of emerging markets
Developed markets have a debt problem — some investors are looking elsewhere
Economic news
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Santander signals Wall St ambition with Spac mandates
Bankers hired from Credit Suisse help Spanish lender become sole bookrunner on series of blank cheque deals
EU speeds up plans for digital euro after US passes stablecoin law
Concern over competitiveness raises possibility of digital currency using public rather than private blockchain
Faultlines in financial system could be exposed by regulatory arbitrage
Policymakers and banking industry should push for convergence on rules
India dogged by Trump spotlight on Russian oil
Also in this newsletter: Indian government moves to kill real money games, and the private sector posts record growth