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Do international organisations matter in times of global crises, and
if so how?
# Reading
## Bank of International Settlements
### Guardian: BIS on interest rates
* potentially a crisis
* a statement on important events
* someone who can say such a thing and has authority on the matter
* still cannot do anything to the banks
* link to cryptocurrency
BIS was the one global body to point out in advance of the
financial crash of 2007 that booming asset prices could cause
problems even during periods of low inflation, and its latest
warning will be seen as a call for its central bank members to
start returning monetary policy to more normal settings.
“Globally, interest rates have been extraordinarily low for an
exceptionally long time, in nominal and inflation-adjusted terms,
against any benchmark”, the report said.
The US Federal Reserve is likely to be the first central bank in any
major advanced country to raise interest rates. Wall Street expects
the Fed to tighten policy later this year, with the Bank of England
forecast to follow in 2016. The European Central Bank and the Bank of
Japan are currently still using quantitative easing – the creation of
electronic money – to boost activity.
## Interpol
## United Nations
### NYT: UN on Systemic Racism in Policing
* potential crisis
* will it really achieve anything at all
* reference ted kazyniski : societal issues, cannot be changed
“It’s a very important step forward,” said Hannah Garry, a law
professor at the University of Southern California. “I see this
international mechanism as a precursor to a future commission of
inquiry.”
### UN on Russian involvement in Africa
* UN supported this action
* UN then found it wasn't such a good thing
* UN still unable to do anything in relation to the matter
The Kremlin offered to send unarmed military trainers to help
train the Central African Army in a mission blessed by the United
Nations, which carved out an exception to the arms embargo on the
Central African Republic in place since 2013.
But it quickly became clear that the Russian trainers were in fact
armed mercenaries, and the operation has evolved into a thinly
veiled effort to build influence and strike business deals for the
Kremlin in Africa, including lucrative diamond deals, to the
benefit of businessmen including a close confidant of President
Vladimir V. Putin.
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