Too Big To Free Ride
Christopher WhalenSince the 2008 financial crisis, there has been a continuing conversation on large banks and the idea of institutions that are “too big to fail” (TBTF). Anat Admati and Martin Hellwig...
View ArticleThe New Franco-German Rituals
Jonathan LaurenceThe state of the Franco-German alliance demonstrates just how gaps in economic-performance numbers can drive countries apart—in this instance, countries of the Eurozone. The more...
View ArticleAusterity Brings Greece to the Brink
E. Wayne MerryGerman chancellor Merkel has proclaimed that Europe needs to find “redemption” from its economic sins through austerity. In Greece another round of austerity measures could push the...
View ArticleEurope Still a Mess
Milton EzratiEurope of late has demonstrated that it is as big a mess as ever.The Cyprus urgency had just begun to dissipate when Portugal suffered a political crisis over the austerity demanded by EU...
View ArticleLatvia: the Next Cyprus?
Andrew S. BowenEarlier this month, EU finance ministers gave their approval for Latvia to become the eighteenth member of the Euro in January 2014. It seems counterintuitive that the country of two...
View ArticleIs China Doomed?
Rajan MenonBetween 1978, the year Deng Xiaoping’s sweeping economic reforms were launched, and 2011, China’s GDP increased by an average of 10 percent annually, three times that of the global economy....
View ArticleEgypt's Way Forward
James P. FarwellDarby ArakelianThe stakes in Egypt keep rising. The latest clashes between the government and supporters of the Muslim Brotherhood threaten to send Egypt into chaotic conditions.The...
View ArticleChina: Mao or Markets?
Robert A. ManningWhy is Chinese president Xi Jinping embracing his inner Mao at a moment when China’s new leaders are on the verge of launching a new wave of reforms to retool China’s economy based on...
View ArticleThe Limits of U.S. Financial Warfare
Michael ScheuerTreasury's War: The Unleashing of a New Era of Financial WarfareJuan C. Zarate, Treasury’s War: The Unleashing of a New Era of Financial Warfare (New York: PublicAffairs, 2013), 512 pp.,...
View ArticleGermany's Short Path to Instability
Andre SteinMiro VassilevPolitical pundits and the financial markets are assuming seamless continuity in Berlin’s Eurozone policy after the German federal election on September 22. Conventional wisdom...
View ArticleToo Big to Fail: A History
Christopher WhalenThere has been a great deal of discussion concerning the fifth anniversary of the failure of Lehman Brothers. Just about anyone who knows anything about the event believes that...
View ArticleCuba and the Sanctions Juggernaut
Paul R. PillarLast week the government of Cuba announced that it was ceasing nearly all of the consular services that it provides in the United States. The reason was that the sole U.S. bank that had...
View ArticleSanctions Hurt Us
Paul R. PillarAn infatuation with economic sanctions, applied against countries Americans do not like such as Iran, loses sight of the concept that sanctions are only a tool for trying to accomplish...
View ArticleECB Struggles Mirror EU Power Shifts
Milton EzratiA recent, seemingly minor criticism of the European Central Bank (ECB) reveals much about the European Union’s future. Central banks, of course, often come in for criticism. People worry...
View ArticleRussia, Sanctions, and Politics in Iran
Paul R. PillarThe crisis over Crimea has naturally raised questions about possible effects of this disturbance on other issues and specifically ones that depend on U.S.-Russian cooperation. This...
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