Benn Steil and Dinah Walker argue that the ECB's bank stress tests will roil rather than calm markets if recapitalization funds are not set aside in advance, as they were in the case of the highly successful U.S. tests in 2009.

China is increasing its control over the South China Sea, and has used deceptive propaganda to conceal its destabilizing activities. The U.S. government should roll out information operations to expose China's behavior and hinder its ability to expand and consolidate power in the region.

Although local communities decide where and how development occurs, the federal government pays for those decisions when disaster strikes. In the face of climate change, the federal government should…

Trump’s new approach to the Palestinians will do more harm than good. The United States cannot solve the Israeli-Palestinian conflict, but it can and should avoid making it worse.

The Trump administration has destroyed the World Trade Organization’s Appellate Body, much to the dismay of those needing the certainty of a rules-based trading system. Three reforms could get it bac…