Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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February 6, 2013
Europe
Germany’s Central Bank and the Eurozone
Germany’s Bundesbank remains an influential actor in eurozone policymaking, and its recent disagreements with the ECB raise concerns about managing the zone’s debt crisis. This Backgrounder explains.
November 28, 2011
Infrastructure
Central Banking in an Age of Improvisation
Experts discuss policy steps taken by central banks in the United States, Brazil, and Europe, and analyze the challenges ahead. This meeting is part of the McKinsey Executive Roundtable series in …
June 27, 2023
Israel
The Biden Administration Ends Support for Research in the West Bank
The Biden administration decision to bar U.S. support for Israeli research institutions in the West Bank achieves nothing for Palestinians or for U.S. policy goals.
October 31, 2014
Europe
Three Central Banks
Today’s central bank news tells us a lot about the risks and rewards of proactive central banking. The Bank of Japan (BoJ) surprised me (and nearly everyone else ) with a dramatic expansion of its u…
September 22, 2023
Corruption
Claudia Escobar Mejía: Marshall-Plan Like Effort Needed to Eliminate Corruption in Central America
Without new measures to build democratic institutions, entrenched corruption, migration, and violence will only get worse.
November 3, 2014
Europe and Eurasia
The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation
Relentlessly falling inflation is bad news for Eurozone banks. It increases the real (inflation-adjusted) value of borrower debt and the real cost of servicing that debt. It causes loan defaults…
