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July 16, 2008
Troubles at U.S. mortgage lenders Fannie Mae and Freddie Mac renew fears that housing woes will rock global financial markets.
See more in United States, Economics, Geoeconomics, International Finance
Updated: June 17, 2008
After a series of interest rate cuts, the U.S. Federal Reserve looks set to increase rates to battle inflation, with broad implications for the dollar and the finance sector.
See more in United States, Economics, International Finance
June 2, 2008
Just when the subprime mortgage mess seemed to be subsiding, experts see new dangers ahead for credit markets.
See more in Economics, International Finance
April 4, 2008
China’s economy is growing at a heady clip, but a stretched stock market, burdened by restrictions on international investment, spells concern.
See more in China, Economics, Geoeconomics
April 3, 2008
Opinion is scattered over a complex and ambitious plan by the U.S. Treasury Secretary to overhaul the regulation of financial markets.
See more in United States, Economics
March 25, 2008
With credit markets all but frozen, policymakers at the U.S. Federal Reserve attempt to rescue a highly complex financial system.
See more in Economics, International Finance
February 27, 2008
Some economists say the chance of a deep U.S. recession—while limited—is growing. Inflation and home prices top their concerns.
See more in Economics, International Finance
January 24, 2008
The U.S. Federal Reserve made emergency rate cuts in the face of market pressure. Other central banks appear more hesitant, citing fears of inflation.
See more in United States, Argentina, Bolivia, Venezuela, Russian Fed., Economics
Updated: January 22, 2008
The effects of a U.S. recession would be felt well beyond the economy, swaying decisions in the political and foreign policy realm, too.
See more in United States, Economics
January 16, 2008
Mitt Romney took his turn as a Republican primary winner, capturing the industrial state of Michigan in a contest pivoting on the economy and U.S. competitiveness.
See more in United States, Elections
Updated: January 9, 2008
Buzzwords like “change” are ringing in the presidential primary season, obscuring foreign policy differences and similarities of the candidates.
See more in United States
January 6, 2008
Following the financial mayhem of 2008, world policymakers are planning an ambitious program of economic stimulus spending for 2009. Economists say the success of these measures will rely on timely, targeted implementation, and temporary mandates.
See more in Financial Crises, Geoeconomics
December 19, 2007
A coordinated assault by several central banks alleviates a threat to the banking system, but several others land mines loom on the horizon.
See more in International Finance
November 8, 2007
The global economy looks for an off-ramp, or at least a safety net, as concerns over oil prices, credit, and inflation escalate.
See more in Economics, Geoeconomics, International Finance, Energy
September 24, 2007
Markets remain jittery, the dollar is falling, and the U.S. consumer appears increasingly timid. What would a U.S. recession mean for the world economy?
See more in United States, Economics, International Finance
Updated: August 16, 2007
Credit market turmoil is wreaking havoc on some hedge funds and institutional investors, but the effects on the broader economy might not be so dire.
See more in United States, Western Europe, Economics, International Finance
July 25, 2007
Fierce competition among a handful of cities for dominance of world financial markets reflects the weight economic considerations now carry in determining geopolitical clout.
See more in United States, Economics
Updated: June 28, 2007
Blackstone’s initial public offering and new legislation in Congress put private equity firms under the regulatory microscope, with potentially vast consequences for global markets.
See more in United States, Economics
June 14, 2007
Proposed new legislation and a Treasury Department report cast a spotlight on efforts to influence the valuation of the yuan, but economists say any significant adjustment will take time.
June 12, 2007
The Bank of Japan’s shifting approach toward interest rates could have broader effects on Japan ’s economy—and the world’s.
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In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization.
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration’s struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks.
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.
In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?
In contrast to conventional wisdom, the growth in government spending and heightened regulation during the Great Depression may have done much to slow economic recovery.
In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other feaures of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices.
In order for policymakers to tackle today’s global economic crisis, this report argues, they must go beyond bailouts and stimulus packages and focus on one of the crisis's root causes: imbalances between savings and investment in major countries.
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