Listen to Kenneth R. Feinberg, special master for TARP Executive Compensation, discuss federal regulation of executive pay.

This session was part of the 2010 CFR Corporate Conference.

Newly developed long historical time series on public debt, along with modern data on external debts, allow a deeper analysis of the cycles underlying serial debt and banking crises. The evidence confirms a strong link between banking crises and sovereign default across the economic history of great many countries, advanced and emerging alike

Jagdish Bhagwati says that in a new climate change protocol rich countries must accept a tort liability for past emissions. All countries should accept liability for current emissions, although grace periods could be granted to developing countries.

Many people argue that inappropriate compensation policies in financial companies contributed to the global financial crisis. Some say the overall level of pay was too high. Others criticize the structure of pay, claiming that contracts for CEOs, traders, and other professionals induced them to pursue excessively risky and short-term strategies. This Working Paper, the eighth in the Squam Lake Working Group series distributed by the Center for Geoeconomic Studies, argues that governments should generally not regulate the level of executive compensation at financial firms. Instead, a fraction of compensation should be held back for several years to reduce employees' incentives to take excessive risk.

Matthew Slaughter argues that tax increases on the foreign operations of U.S. based multinationals would not create American jobs, but destroy them. For many global firms there is an inherent complementarity between foreign and U.S. operations.

Edward Alden says that Canada's turnaround in the 1990s from running more than two decades of budget deficits offers lessons for the United States today.

According to Joseph E. Stiglitz, the recent global financial crisis was "made in America." Dr. Stiglitz discusses the financial crisis and his suggestions for a way forward that restores balance between markets and governments and addresses inequalities.

Justin Yifu Lin discusses how stimulus measures may be applied to boost global demand, taking into account the challenges such efforts face in poor nations, emerging economies, and wealthy countries alike.

Amity Shlaes writes that big new government programs may not be bad, but they are rarely optimal. It is private-sector entrepreneurs who will come up with and implement new ideas that yield big productivity gains.

According to Desmond Lachman of the American Enterprise Institute, Greece is approaching the final stages of its currency arrangement. There is every prospect that within two to three years, after much official money is thrown its way, Greece's euro membership will end with a bang.

Watch Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, analyze the effects of derivative markets on the economy and how the market needs to be reformed.

This session was part of the C. Peter McColough Series on International Economics.

Listen to Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, analyze the effects of derivative markets on the economy and how the market needs to be reformed.

This session was part of the C. Peter McColough Series on International Economics.

Ben Casselman and Guy Chazan report on offshore drilling by big oil companies that is made possible by their technological and financial advantages.

Amity Shlaes argues that U.S. policymakers are underestimating the threat from inflation.

Edward Alden reviews Harold James' new book on the risks posed by the destruction of the values that underpin globalization.

Edward Alden argues that the Obama administration should promptly eliminate the "special registration" procedures under the National Security Entry-Exit System set up after September 11, 2001.