International Selection

The problem is that a key component of technology is knowhow. Unlike devices and ideas, knowhow cannot just be imported by poorer countries. A column by Ricardo Hausmann.

The upcoming European Parliament election could be the wake-up call that pro-EU parties need. Property and wealth taxes are likely to become the foundation of a new political alignment. A column by Harold James.

The basic economic analysis that Gary Becker (1930–2014) developed was applicable everywhere, for everyone, and for all time. An obituary by Michael J. Boskin.

If the ECB wants to reduce the value of the euro and increase the eurozone’s near-term inflation rate, the only reliable way to do so may be by direct intervention in the currency market. A column by Martin Feldstein.

We are at a bifurcation point: Things can become really good at long last, but they can turn into outright disaster virtually overnight. A column by Charles Wyplosz.

There are two views of the future of the US-China economic relationship: one that sees only risk, and another that sees opportunity. A column by Stephen S. Roach

For a Russia that has become authoritarian and has seen how the EU can transform struggling transition countries into increasingly prosperous democracies, Europe is too close for comfort. A column by Daniel Gros.

Much of the cultural groundswell surrounding Thomas Piketty's book comes from people who are middle class within their own countries, but who are at least upper middle class by global standards. A column by Kenneth Rogoff.

Anat Admati urges regulators to give citizens a stable financial system. They must ask for more equity to be held by banks. And Banks should be brought into an existence which is more similar to other corporations. We should not subsidize leverage, which lets banks take too much risk, and then pay the bill if things go wrong. Coco-Bonds are no substitute for equity, says Admati.

New technologies, after having redefined media, are slowly beginning to change finance in a similar way, probably starting to transform the way capital is mobilized and allocated. A column by Mohamed A. El-Erian.

When it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be. A column by Raghuram Rajan.

Bill Miller, Fondsmanager at Legg Mason, explains to «Finanz und Wirtschaft», why he thinks the consolidation of stock markets is only transitory and he expects a strong rebound towards the end of the year.