International Selection

Simon Johnson, Professor at MIT and former chief economist of the IMF, calls for much higher capital requirements for big banks.

Since 2009, when financial distress hit the eurozone’s periphery, Europeans have faced this question: Are political interests so overwhelming that they justify assuming large, unlimited und uncontrollable liabilities? A column by Harold James.

Five years after the collapse of Lehman Brothers, Bill White is worried that another banking meltdown might happen again. The former Chief Economist of the Bank for International Settlements (BIS) argues that capital ratios are still far too low.

One might be inclined to interpret the amazing emerging-market performance as a consequence of the growth in the amount of real stuff that these economies produced. But that would be mostly wrong. A column by Ricardo Hausmann.

The collapse of Lehman Brothers has generated previously unthinkable outcomes, with profound implications for current and future generations. These our systems of governance have yet to address properly. A column by Mohammed El-Erian.

The current increase in debt/GDP ratios in southern Europe should not be interpreted as proof that austerity does not work. A column by Daniel Gros.

The Snowden affair has blown up any illusion about trust between leaders – and also about leaders’ competence. A column by Harold James.

Paul Krugman's campaign against Carmen Reinhart and Kenneth Rogoff illustrates that perhaps respectful debate in economics is possible only in academia. A column by Raghuram Rajan.

Whoever succeeds Ben Bernanke ought to be an unorthodox central banker who will fight deflation expectations. Both Larry Summers and Janet Yellen fit this profile. A column by Kenneth Rogoff.

Those in charge of financial reform did not really want to make rapid progress. In the US and Europe, governments are gripped by the fear that their economies will slip back into recession. A column by Simon Johnson.

China doubters in the West have misread the Chinese economy’s vital signs once again. Far from crashing, the Chinese economy is at a pivotal point. The wheels of rebalancing are turning. A column by Stephen S. Roach.

Ben Bernanke will leave the Fed at the beginning of 2014. He may want to complete his policy legacy by beginning the exit from unconventional policies before he leaves the Fed. A column by Martin Feldstein.