Greenberg Center for Geoeconomic Studies Publications Archive

Op-Ed

Europe’s Dodgy Bank Stress Tests

Authors: Benn Steil and Dinah Walker
Wall Street Journal

Benn Steil and Dinah Walker analyze the market reaction to the publication of the European Central Bank's long-awaited bank stress test results. The ECB's coddling of stress-tested banks — through the use of inflated inflation estimates and generous treatment of tax offsets against future profits which may never arise — precipitated a sell-off of bank stocks in a period when broad European indexes were up significantly. Unlike with the successful 2009 U.S. stress tests, there is no credible backstop of public funds available for Eurozone bank recapitalization, which would account for the ECB's reluctance to draw attention to the sector's undercapitalization.

 

See more in Europe; Banks and Banking

Article

NCDs and an Outcome-Based Approach to Global Health

Authors: Thomas J. Bollyky, Ezekiel Emanuel, Eric Goosby, David Satcher, Donna E. Shalala, and Tommy Thompson
The Lancet

Once thought to challenge only affluent countries, cardiovascular disease, cancer, diabetes, and other non-communicable diseases (NCDs) are now the leading cause of death and disability in low-income and middle-income countries. International efforts should focus on specific NCDs and risk factors that are prevalent in poor working-age (younger than 60 years) people in low-income and middle-income countries, and for which there are low-cost interventions that can be integrated with existing global health platforms.

See more in Global; Health

Op-Ed

Why the World Missed the Oil Price Crash

Author: Michael A. Levi
The Washington Post

The recent oil price crash came as a surprise to many observers due to several critical misconceptions about oil markets, writes Michael Levi. As for prices going forward, “only the reckless would bet with any confidence on one particular outcome.”

See more in Global; Oil

Interactive

The Emerging Global Health Crisis, Interactive

Author: Thomas J. Bollyky
Producer: Andrei Henry

The gravest health threats facing low- and middle-income countries are not the plagues, parasites, and blights that dominate the news cycle and international relief efforts. They are the everyday diseases -- heart disease, cancer, diabetes, and chronic respiratory illnesses -- we understand and could address, but fail to take action against.

See more in Global; Diseases, Noncommunicable; Public Health Threats and Pandemics

Op-Ed

Should the U.S. Take Unilateral Action on Climate Policy?

Authors: Michael A. Levi and Andrew P. Morriss
Wall Street Journal

The Wall Street Journal asks Michael Levi and Andrew P. Morriss whether the U.S. should act unilaterally to reduce greenhouse gas emissions. Levi answers “yes,” arguing that cutting greenhouse gas emissions now would enhance public health and the international credibility of the United States, and that reasonable action now would reduce long-term costs.

See more in United States; Environmental Policy

Op-Ed

Obama Needs to Forget Golf and Bring Back His Basketball Hustle

Author: Edward Alden
Washington Post

In a new column for The Washington Post, Bernard L. Schwartz Senior Fellow Edward Alden makes the case that in order for President Obama to be effective, he needs to forget the golfer mentality that he has developed during his time in office and bring back the basketball-style hustle that helped him win the White House.

See more in United States; Presidents and Chiefs of State

Foreign Affairs Article

Vindicating Volatility

Authors: Michael A. Levi and Robert McNally

While oil prices over the last three years were the smoothest in decades, volatility is back and here to stay argue Michael Levi and Robert McNally. Levi and McNally explain how price fluctuations, rather than high prices, endanger global economic growth.

See more in Global; Oil

Op-Ed

What the 2014 Oil Crash Means

Author: Michael A. Levi
Politico Magazine

As oil prices continue to drop, Michael Levi argues that the benefit to American consumers will outweigh any damage to the U.S. economy. However, how you view this plunge in oil prices "depends a lot on where you live and what work you do."

See more in Global; Oil; Financial Markets