3 Results for:

February 24, 2014

Europe and Eurasia
Restoring Financial Stability in the Eurozone: Lessons From the U.S. Financial Crisis

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…

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March 14, 2013

Monetary Policy
Exiting from Monetary Stimulus: A Better Plan for the Fed

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…

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February 26, 2013

Pakistan
Support Process Over Personalities in Pakistan

Pakistan's leadership transitions over the course of 2013 will complicate, perhaps even disrupt, the already tenuous U.S.-Pakistan relationship. As in the past, Washington may be tempted to lend supp…

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