Europe's strategy for solving its debt woes has the problem exactly backwards. A gaping hole in Europe's policy response to date is its unwillingness to reduce excessive levels of corporate, bank, an…

The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…

The U.S. Federal Reserve's monetary stimulus efforts have an undesirable side effect that needs to be managed with great care: the Fed has amassed a huge stock of mortgage-backed securities (MBS) tha…

Abundant reserves of minerals and petroleum often precipitate a resource curse in countries with weak governance institutions: fostering political corruption, eroding democratic accountability, incit…

See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. Despite the pressing infrastructure investment needs of the United States, federal infrastructure po…