Hans-Werner Sinn, Prof. Of Economics and Public Finance: Europe’s Easy-Money Endgame
The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. In fact, there is only one difference between the two episodes: During today’s crisis, huge More...
Berkeley Economics and Political Science Prof. Barry Eichengreen: The Fed Under Fire
The Federal Reserve is under attack. Bills subjecting the United States’ central bank to “auditing” by the Government Accountability Office are likely to be passed by both houses of Congress. Legislation More...
Deputy Governor of the Bank of England Howard Davies: Europe’s Chimerical Capital-Markets Union
The eurozone’s survival is in doubt again, as Greece demands debt forgiveness and an end to austerity – or else. But, though Europe’s currency union is at risk, and its banking union remains at More...
Stanford Professor Michael Boskin: A Five-Step Plan for European Prosperity
Though the Greek crisis has been placed on pause, the economic situation in Europe remains bleak. Eurozone growth is up slightly from its near-recession levels of a few months ago, but projections by the More...
Former German Foreign Minister and Vice Chancellor Joschka Fischer: Angela Merkel’s Moment of Truth
In the last two weeks, the two crises confronting Europe – in Ukraine and Greece – both escalated. In each case, Germany and its chancellor, Angela Merkel, were at the heart of efforts to achieve More...
Harvard Professor Jeffrey Frankel: The Non-Problem of Chinese Currency Manipulation
America’s two political parties rarely agree, but one thing that unites them is their anger about “currency manipulation, ” especially by China. Perhaps spurred by the recent appreciation of the dollar More...
Central Banks and the Bottom Line
/By Barry Eichengreen and Beatrice Weder di Mauro/ MUNICH – Around the world, central banks’ balance sheets are becoming an increasingly serious concern – most notably for monetary policymakers themselves. More...
Daniel Gros, Director of Center for European Policy Studies: The Greek Austerity Myth
Since the anti-austerity Syriza party’s victory in Greece’s recent general election, the “Greek problem” is again preoccupying markets and policymakers throughout Europe. Some fear a return to More...
Safra Sarasin Bullish on European Shares
Bank sees ‘a lot’ of money flowing into European stock markets and expects equities to extend this year’s gains. With many investors facing losses from Swiss franc deposits and government bonds, Safra More...
Turkish Central Bank Rebuffs Demand for Emergency Rate Cut
Turkey’s central bank, resisting pressure from the country’s president, rejected an unscheduled rate cut as the country’s inflation slowed less than expected. The bank decided Tuesday not to hold a More...