Wednesday, October 14, 2015
  1. Are Sanctions Saving Russia?

    Richard A. Werner, ET AL

    Are Sanctions Saving Russia?

    &  make the case that economic pain will lead to long-awaited structural transformation.

    Vladimir Putin Alexei Druzhinin/ZumaPress

    The economic sanctions imposed on Russia by the West in March 2014 have undoubtedly been painful. But they have so far failed to achieve their goal of compelling President Vladimir Putin to change his policy toward Ukraine, and they may end up leaving Russia – and Putin – even stronger than before. READ MORE

  2. China is Not Collapsing

    Anatole Kaletsky

    China is Not Collapsing


     blames Western financial analysts' false perceptions for fueling fears of a new crisis.

    Urban street in city in China.

    One question has dominated the IMF’s annual meeting this year in Peru: Will China’s economic downturn trigger a new financial crisis just as the world is putting the last one to bed? But the assumption underlying that question – that China is now the global economy’s weakest link – is highly suspect. READ MORE

  3. China’s Monetary-Policy Choice

    Zhang Jun

    China’s Monetary-Policy Choice


     blames excessively high real interest rates for the economy's current travails.

    Chinese children on sidewalk in Beijing

    China’s economy has followed a remarkable course in recent years: from record-breaking powerhouse to major global risk. How did China get here, and can it put its economic growth back on track? READ MORE

  4. The Hidden Debt Burden of Emerging Markets

    Carmen Reinhart

    The Hidden Debt Burden of Emerging Markets


     worries that the capital-flow reversal now hitting these countries may be larger than we think.

    Renminbi. Chinese currency.

    As central bankers and finance ministers gather for the IMF’s annual meetings in Lima, the emerging world is rife with symptoms of increasing economic vulnerability. Some of those symptoms, like slowing growth, are obvious and quantifiable; others, however, are dangerous partly because they are difficult to discern. READ MORE

  5. The Mirage of Structural Reform

    Dani Rodrik

    The Mirage of Structural Reform


     urges Greece to target binding constraints on growth, particularly in its tradables sector.

    Scaffolding on building.

    Every economic program imposed on Greece since the financial crisis struck in 2009 has assumed that structural reforms, boldly conceived and implemented, would bring about rapid economic recovery. But any serious assessment of the results produced by structural reforms around the world would have poured cold water on such expectations. READ MORE


321 pages
321 pages

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