Wednesday, April 16, 2014
  1. Rank Mysteries

    Howard Davies

    Rank Mysteries


     attempts to decipher a recent ranking of global financial centers.

    Newsart for Rank Mysteries fantomdesigns/flickr

    The release of the latest Global Financial Centres Index (GFCI), published by the consultancy Z/Yen in London, shows stability at the top of the table and volatility below. But do such rankings really contain valuable insights into how the global financial system is evolving? READ MORE

  2. The Irrelevant German Consumer

    Michael Heise

    The Irrelevant German Consumer


     challenges the view that global rebalancing requires Germany to boost household demand.

    Newsart for The Irrelevant German Consumer pickselated Jim/Flickr

    With global rebalancing set to be high on the agenda at the next G-7 and G-20 meetings, Germany, with its persistent export surplus, will again come under pressure to boost household demand. But the German consumer is a sideshow, while the main acts are investment demand and monetary policy. READ MORE

  3. Europe’s Deepening Muddle

    Ashoka Mody

    Europe’s Deepening Muddle


     says that recent German calls for EU treaty changes are little more than empty rhetorical finery.

    Newsart for Europe’s Deepening Muddle Kevin Harber/Flickr

    German Finance Minister Wolfgang Schäuble recently called for EU treaty changes to create a European budget commissioner, among other things. But, while Schäuble’s strategy may sound appealing, it will amount to nothing – not least because of countries' unwillingness to cede sovereignty. READ MORE

  4. The Growing Divide Within Developing Economies

    Dani Rodrik
  5. Cementing Europe’s Recovery

    Mohamed A. El-Erian

    Cementing Europe’s Recovery


     lists the short-term steps needed to strengthen the European economy's fragile recovery.

    Newsart for Cementing Europe’s Recovery Javier Micora/Flickr

    Europe’s renewed sense of hope and confidence, however encouraging, is not yet sufficient to produce appreciable gains for current and future generations. A few things need to happen over the next several weeks and months if Europe is to minimize the risk of another prolonged period of under-performance and financial risk. READ MORE

Focal Point

Cold War II?

280 pages
280 pages

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