From the Fall 2014 issue
Elizabeth Warren could be the big surprise of the 2016 presidential race.
Is the rising global chorus to replace the dollar a reflection of far deeper problems in the world financial system?
Featuring commentary by noted observers William H. Overholt, William R. White, Joseph E. Gagnon, Mohamed A. El-Erian, John Williamson, Julia Leung, Jared Bernstein, Edwin M. Truman, Jörg Asmussen, Lorenzo Codogno, Stephen G. Cecchetti, Richard N. Cooper, Holger Schmieding, Barry Eichengreen, Chi Lo, Milton Ezrati, George R. Hoguet, Otmar Issing, Diana Choyleva, James E. Glassman, Andreas Dombret, Hannes Androsch, Igor Finogenov, and Helmut Schlesinger.
But there’s no alternative. The solution is to stabilize the dollar-renminbi relationship.
The record in China, Japan, and even the United States is one of disappointment if not failure.
So far there is little reason for the Federal Reserve to raise interest rates.
Why are we surprised that fewer people want to work?
Why did the Obama stimulus fail to lead to a significant increase in aggregate demand? Deleveraging of debt by households and lack of non-financial corporate investment.
For Vladimir Putin, military conflict is a way of conducting monetary policy by other means.
Why Germany's exports and current account surpluses benefit other countries.
The political dangers will be immense.
On the ECB governing council, size is the problem.
Removing the ballast and pushing to full throttle.
The United States must move quickly.
Canada offers a compelling model.
Oil markets on the brink, Hans-Werner Sinn's The Euro Trap, and is job growth only in Texas?
After the bank stress tests, ECB backroom tension lingers.