Financial Markets

Foreign Affairs Article

The Innovative Finance Revolution

Authors: Georgia Levenson Keohane and Saadia Madsbjerg

Assessments of how governments and international organiza­tions have dealt with global challenges often feature a familiar refrain: when it comes to funding, there was too little, too late. The costs of economic, social, and environmental problems compound over time, whether it’s an Ebola outbreak that escalates to an epidemic, a flood of refugeesthat tests the strength of the EU, or the rise of social inequalities that reinforce poverty.

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Foreign Affairs Article

Beyond Break-Even Prices

Author: Michael A. Levi

When oil prices plunged in 2014, many analysts predicted that major exporters would have to drastically cut supply or else risk fiscal and geopolitical instability. Michael Levi explains why these predictions have been proven wrong.

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Foreign Affairs Article

Capitalism and Inequality

Author: Jerry Muller

Inequality is rising across the post-industrial capitalist world. The problem is not caused by politics and politics will never be able to eliminate it. But simply ignoring it could generate a populist backlash. Governments must accept that today as ever, inequality and insecurity are the inevitable results of market operations. Their challenge is to find ways of shielding citizens from capitalism's adverse consequences -- even as they preserve the dynamism that produces capitalism's vast economic and cultural benefits in the first place.

See more in Financial Markets; Poverty

Analysis Brief

Bears in Moscow

Author: Lee Hudson Teslik

The global financial crisis has taken a particularly harsh toll on Russia, where the leading stock index has lost more than half its value since July. Moscow has devised a bailout package, but analysts say more pain could be on the way, particularly if oil prices keep falling.

 

See more in Russian Federation; Financial Markets

Article

Conservative Globalizers: Reconsidering the Rise of the Rest

Author: Miles Kahler
World Politics Review

As the most powerful emerging economies—Brazil, China, and India—slow after years of unprecedented growth, panic over their challenge to global order seems unfounded. But stalled performance does not make them irrelevant, and advanced economies should integrate them into global economic institutions, writes Miles Kahler in World Politics Review.

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Article

Two Meetings That Can Shape Oil Markets

Authors: Michael A. Levi and Edward Morse
Barron's

As climate plays a growing role in energy markets, serious energy analysis can no longer choose to focus only on traditional energy economics and geopolitics, write Michael Levi and Ed Morse. Policymakers, analysts, companies, and investors that deal in traditional energy will need to become much more sophisticated in their understanding of climate policy.

See more in Global; Financial Markets; Energy and Environment