Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
While a new round of U.S. quantitative easing will have a negative impact on emerging markets like Brazil, the country should not blame U.S. monetary policy for the structural flaws in its economy, says expert Bernardo Wjuniski.
This report assesses regulations affecting domestic firms in 185 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders.
Watch out, Wall Street: former Fed chair Paul Volcker takes aim at greedy bankers, a weak financial system, and a flawed Ryan plan in an exclusive interview for Newsweek with Leslie H. Gelb.
Ray Dalio explains the basic fundamental components and transactions of the global economic machine and shares his views on the current financial crisis. This session was part of the Corporate Program's CEO Speaker Series.
The manipulation of interbank lending rates by a host of global financial institutions could have significant repercussions for financial markets, consumer loans, and regulatory policy, explains this Backgrounder.
In the face of persistently high unemployment, policymakers and workers look to innovation and entrepreneurship to create new jobs. This Backgrounder discusses how entrepreneurs create and finance the startups that power U.S. job growth, and the ramifications of policies such as the JOBS Act.
Charles Duhigg and Keith Bradsher point out that America does not train enough people in the mid-level skills that factories need, a reason for companies like Apple to rely on outsourcing that helps them generate enough profits and keep investing for innovation rather than solving America's problem of unemployment.
Three developments have altered the US economic and financial climate this year - a distinct tightening of credit terms, a sudden slide in confidence, and emerging signs that the US labor market is softening – and they have been powerful enough to compel an almost unprecedented policy response by both the Federal Reserve and the US Government. Roger Kubarych argues that the monetary policy easing and fiscal stimulus will work, albeit slowly, but the effects on financial markets are less clear.
New York remains a global heavyweight in financial services, but markets in London and East Asia are gaining strength and posing a serious challenge to the Big Apple.
Speakers: Harvey Goldschmid, R. Glenn Hubbard, Arthur Levitt, and Frank G. Zarb Presider: Alan Murray
Watch leading global business experts discuss the challenges to competitiveness in U.S. capital markets as part of the Council's McKinsey Executive Roundtable Series in International Economics.
Speakers: Harvey Goldschmid, R. Glenn Hubbard, Arthur Levitt, and Frank G. Zarb Presider: Alan Murray
Listen to leading global business experts discuss the challenges to competitiveness in U.S. capital markets as part of the Council's McKinsey Executive Roundtable Series in International Economics.
Speakers: Harvey Goldschmid, R. Glenn Hubbard, Arthur Levitt, and Frank G. Zarb Presider: Alan Murray
Harvey Goldschmid, Glenn Hubbard, Arthur Levitt, and Frank Zarb address Council members on U.S. Capital Markets Competitiveness as part of the McKinsey Executive Roundtable Series on International Economics.
Authors: Robert Dugger, Robert McNally, and Richard Medley
This report suggests that developed nation policymakers will not likely have to deal with a US stock market decline that precipitates a global downturn. Most likely, guided by active, informed markets and sound government policies, the major economies will rebalance growth as needed and reprice assets gradually, making fears of an American stock market crash moot. There are, nevertheless, sound reasons for concern, which are considered in the report.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.