International Selection

The only reasonable solution is to make large financial institutions smaller and less complex so that they can fail under standard bankruptcy rules. This is the intent of Dodd-Frank. A column by Simon Johnson.

Europe’s experience ought to spur a full rethink of the global system for administering sovereign bankruptcies. A column by Kenneth Rogoff.

Berlin is taking an inflexible approach as to the rules of the eurozone. The background for this stance is its federal system of government as well as Germany’s historic experience with debt crises. A column by Harold James.

The eurozone must develop sovereign insolvency procedures as quickly as possible, thereby preventing other sovereigns from becoming creditors through debt mutualization. A column by Hans-Werner Sinn.

The struggle in the eurozone about how to proceed with Greece was largely determined by prejudices on every side. This is amazing as well as dangerous. A column by Charles Wyplosz.

The fight against corruption mobilizes most of us, but we should remember that casting the bad into the sea does not imply the sudden appearance on our shores of the good that we need. A column by Ricardo Hausmann.

The main conditions now seem to be in place for a sustainable recovery in Greece. Conventional wisdom among economists and investors has a long record of failing to spot major turning points. A column by Anatole Kaletsky.

In a globalized world where labor income is under constant pressure, the siren song of asset markets as a growth elixir is far too tempting for the body politic to resist. A column by Stephen S. Roach.

Not only have policymakers in the eurozone insisted on repeating the blunders of the 1930s; they are poised to repeat them in a more brutal, more exaggerated, and more extended fashion. A column by J. Bradford DeLong.

To pacify the eastern part of Ukraine it needs an transitional administration by the United Nations. A commentary by Carl Bildt.

The negociations of TPP represents an important opportunity to write better rules for international trade. A column by Simon Johnson.

Despite new information technologies productivity growth is dropping, especially in the USA and China. That limits economic growth. A column by Stephen S. Roach.