Saturday, March 7, 2015
  1. Living the Saudi Dream

    Anas Alhajji

    Living the Saudi Dream


     examines what is really driving the Kingdom's oil-price strategy.

    Saudi Arabia mosque minarets Shabbir Siraj/Flickr

    Saudi Arabia wants it all: to salvage OPEC, achieve income diversification and industrialization, and preserve its market share in crude oil, petroleum products, petrochemicals, and natural gas liquids. Whether the Saudis succeed will be determined largely by the shale-energy industry in the US. READ MORE

  2. A Fair Hearing for Sovereign Debt

    Joseph E. Stiglitz, ET AL

    A Fair Hearing for Sovereign Debt

    &  point out three key lessons of a British court's recent ruling on Argentina's interest payments.

    Gavel world globe earth Tori Rector/Flickr

    Last July, when US federal judge Thomas Griesa ruled that Argentina had to repay in full the "vulture" funds that had bought its sovereign debt at rock-bottom prices, the decision reverberated far and wide, affecting bonds issued in a variety of jurisdictions. Do US court rulings really apply to contracts executed in other countries? READ MORE

  3. New Equities for Infrastructure Investment

    Justin Yifu Lin, ET AL

    New Equities for Infrastructure Investment

    , ET AL 1

    , ET AL  propose the creation of a new asset class to facilitate investment.

    London Underground planning model Phil Whitehouse/Flickr

    Though infrastructure projects are among the most productive investments a society can make, existing asset classes fail to provide the structure needed to compete with traditional equity or debt. That is why economies would benefit from a new asset class that could harness the potential of private money for public infrastructure. READ MORE

  4. The Deflation Bogeyman

    Martin Feldstein

    The Deflation Bogeyman


     points out that the much-feared downward price spiral remains an unproved theory.

    hallway door bogeyman Tim Pierce/Flickr

    The world's major central banks are currently obsessed with the goal of raising their national inflation rates to their common target of 2% per year. But how justified is their fear that a negative demand shock could trigger a downward price spiral? READ MORE

  5. Competing on Corporate Tax

    Laura Tyson

Focal Point

239 pages
239 pages

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