International Selection

The sharply thinking Wall Street veteran doesn’t trust the theoretical models of the central banks and warns of irrational exuberance in the financial markets.

Europeans and Chinese should question whether they really want to assume the risks associated with a position at the center of a large and complex global financial system. A column by Harold James.

If young people and the disadvantaged are to find satisfying and rewarding jobs, governments, employers, educational institutions, and civil-society groups all have an important role to play. A column by Stefano Scarpetta.

David Li, Chairman und Country Head of UBS China, in an interview with «Finanz und Wirtschaft» about the future of the chinese financial sector and the severe competition with local banks.

Potentially wealthy countries rather often fail economically. It usually starts when some imbalance causes overall inflation, which then the government clumsily tries to retain. A column by Ricardo Hausmann.

At long last, China’s senior leadership has endorsed a raft of reforms that could impel the economy’s shift from reliance on exports to consumption-led growth. By Stephen S. Roach

Germany has been an attractive target for external-deficit countries in Europe and beyond. But beating up on Germany alone appears to be the wrong way to get results. A column by Daniel Gros.

Too much regulation leads to «shadow banks», large financial institutions keep warning us. But they themselves conduct shadow activities. A column by Simon Johnson.

Unless Greece is able to increase its rate of economic growth, the budget will remain in deficit and the debt will remain at nearly its current share of GDP. A column by Martin Feldstein.

Temporary wealth taxes are no substitute for fundamental long-term reform to make tax systems simpler, fairer, and more efficient. A column by Kenneth Rogoff.

Nouriel Roubini expects the Fed to taper at latest in March 2014, while the ECB will have to start its own outright QE next year. The Bundesbank won't be able to stop Draghi.

Two similar countries, but with hugely differing economic performance. It's about good or bad policies. A column by Michael J. Boskin.