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After a double-dip recession and an extended period of stagnation, the eurozone is finally seeing green shoots of recovery. Consumer confidence is rising. Retail...
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The Federal Reserve is under attack. Bills subjecting the United States’ central bank to “auditing” by the Government Accountability Office are likely to be...
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/By Barry Eichengreen and Beatrice Weder di Mauro/ MUNICH – Around the world, central banks’ balance sheets are becoming an increasingly serious concern –...
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Economic pundits, almost without exception, are predicting a stronger dollar in 2015 – an expectation that is leading investors to place some very large...
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– The European Central Bank is moving, hesitantly but ineluctably, toward quantitative easing. The threat of deflation – and the ineffectiveness of its previous...
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– Insecurity is haunting Ukraine – and not just geopolitical insecurity, but economic insecurity as well. Output is in freefall. The country’s external deficit...
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– The Scots have spoken. A solid majority voted against independence in their historic referendum last month. But the debate left no question that an even...
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– Sometimes the worst intentions yield the best results. So it is, unexpectedly, with Argentine debt. The story begins with Argentina’s financial crisis in...
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– For the leaders of the BRICS countries (Brazil, Russia, India, China, and South Africa), the announcement in July of their agreement to establish a “New...
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– European and Chinese officials have made two notable announcements in recent weeks. On June 18, China’s second largest financial institution, China Construction Bank,...