When a bank fails in the United States, questions about who is to blame are often directed at many different regulatory agencies, because the system is complex and hard for outsiders to understand. In the wake of the collapse of Silicon Valley Bank, the case for an overhaul could not be stronger.
laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.
The failures of Silicon Valley Bank and Signature Bank are significant market events. But, given an overheated labor market and 1970s-like inflation, if the Fed cannot see the whites of the eyes of a systemic banking crisis, then it must move aggressively on the inflation front.
urges the US central bank to continue raising interest rates, despite signs of financial-sector fragility.
Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
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布鲁塞尔——
当前,欧元区正面临着一场由重大危机,这不是责怪所谓金融投机分子就能解决的问题,。欧洲委员会的部长们不得不承诺将提供数以千亿欧元来救助濒临破产的欧盟成员国。实际上,作为整体的欧洲经济并没有什么危机出现。相反的,绝大多数的调查和经济指标显示,欧元区正处于强劲的上升通道,有危机出现的希腊只占欧元区GDP3%。
然而,这场危机对欧盟的存亡至关重要——如此巨额的救助——因为它直接关系到欧洲治理原则:国家的定位。希腊事件带来一个简单但深刻的问题:是否允许欧盟成员国单独破产?
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