Sebastian Mallaby proposes that Mitt Romney declare war on America's addiction to debt.

With recent advances in oil extraction techniques, Peter Orszag says a revolution could be on the horizon for U.S. oil production.

Peter Orszag examines the push to provide greater price transparency to health-care consumers as a strategy for reducing health-care costs.

Sebastian Mallaby argues that the internationalization of the renminbi is less a sign of China's rise than of China's internal confusion.

Benn Steil's Forbes op-ed explains why central banks, in spite of their money-printing powers, ultimately need real capital.

Benn Steil's Financial News column explains why the ECB is incapable of taking Fed-size risks to its balance sheet as long as Germany is willing to contemplate its ultimate liquidation.

Sebastian Mallaby explains why Germany should pay more to keep the eurozone intact.

Michael Spence says Italy can be saved only if both it and the European Union commit boldly and unconditionally to aggressive action on stabilization and reform.

President Obama will end his Asia tour at the East Asia Summit in Bali, reinforcing U.S. commitments to allies. But experts say Washington must fix the U.S. economy to retain any long-term leadership role in the region.

This report tracks the foreign investment portfolios of the BRIC governments— Brazil, Russia, India, and China—by looking at reserves holdings and holdings of U.S. assets.

Michael Spence and Mohamed El-Erian explain how a fundamental review of the way political decisions are made in the United States and Europe can improve policymaking.

APEC economic leaders gave this declaration at the close of the 19th annual APEC meeting in Honolulu, Hawaii on November 12-13, 2011.

Peter Garber delves into China's offshore currency market to understand what drives its growth and what it means for further liberalization of the renminbi.

Jeffrey Frankel looks to history as a guide in determining the renminbi’s prospects for becoming an international currency.

Robert McCauley asks whether Chinese officials can guide the renminbi to internationalization while preserving their influence over credit growth and allocation.

Takatoshi Ito charts the renminbi’s progress toward becoming an international currency and discusses what steps China should take to complete the process.

Alan Taylor explores what benefits the global monetary system could expect from an internationalized renminbi.

Most pundits argue the eurozone has only two options: break up or create a fiscal union to match its monetary one.

Benn Steil's column in the October 10th edition of Dow Jones' Financial News takes a critical look at popular European calls for a new "Marshall Plan."

In Washington's current political climate, Jagdish Bhagwati sees an end to American leadership on multilateral free trade.