Sunday, August 2, 2015
  1. Still Too Big to Fail

    Simon Johnson

    Still Too Big to Fail


     laments that systemically important banks still cannot be subjected to standard bankruptcy rules.

    Jamie Dimon Jamie Dimon/Fang Zhe/ZumaPress

    Nearly seven years after the global financial crisis erupted, and more than five years after the passage of the Dodd-Frank financial-reform legislation in the US, the cause of the crisis – banks that are “too big to fail” – has yet to be uprooted. As long as that remains the case, another disaster is only a matter of time. READ MORE

  2. Letting China’s Bubble Burst

    Michael Spence

    Letting China’s Bubble Burst


     calls on Chinese leaders to focus on improved regulation, rather than propping up equity prices.

    Newsart for Letting China’s Bubble Burst

    As China’s capital markets expand, they are outstripping policymakers' capacity to manage prices and valuations. The only practical way forward is for the authorities to focus on regulatory and institutional development, while following through on their commitment to permit markets to self-correct. READ MORE

  3. Alpha, Beta, and Beyond

    Nouriel Roubini

    Alpha, Beta, and Beyond


     outlines a new, low-cost approach to investing that is neither active nor passive.

    NYSE Wang Lei/ZumaPress

    Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. But a new, low-cost approach to investing – neither active nor passive – promises to ease the challenge confronting investors in normal and abnormal times alike. READ MORE

  4. Market Manipulation Goes Global

    Stephen S. Roach

    Market Manipulation Goes Global


     compares China's effort to shore up equity prices to similar measures in the US, Europe, and Japan.

    china stock market plunge Zhengyi Xie/ZumaPress

    All eyes are now on China’s attempts to cope with the collapse of a major equity bubble. But the Chinese authorities’ efforts are hardly unique: All the leading economies of the West are doing pretty much the same thing – just dressing it up in different clothes. READ MORE

  5. China’s Live Stress Test

    Andrew Sheng, ET AL

    China’s Live Stress Test

    & 1

    &  identify the main lessons of the country’s recent stock-market plunge.

    businessman sleeping Silverio Petruzzellis/Flickr

    China’s economy has succeeded through trial and error – and the country's recent stock-market collapse should be viewed as part of that process, to be used to drive the next phase of economic reform. One key lesson is that Chinese stock markets remain structurally biased toward state ownership and guidance. READ MORE

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