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Curated by Project Syndicate

Should We Worry About Debt?

5 commentaries

The IMF recently warned China that four-fifths of its banks need more capital, while the Trump administration’s tax plan threatens to explode the US budget deficit. Is debt poised to wreck global financial stability?

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  1. Is Another Debt Crisis On the Way?
    A migrant worker on her tricycle at the demolition site of the Jiuxing furniture market Johannes Eiselle/Getty Images

    Is Another Debt Crisis On the Way?

    Dec 18, 2017 Kemal Derviş urges policymakers to stop focusing on aggregate growth in total liabilities and pursue structural reforms.

  2. The Perils of Debt Complacency
    Greek debt crisis Aris Messinis/Getty Images

    The Perils of Debt Complacency

    Sep 28, 2016 Carmen M. Reinhart takes issue with those who dismiss concerns about governments' rising liabilities.

  3. Moving From Debt to Equity in China
    Yen Bloomberg/Getty Images

    Moving From Debt to Equity in China

    May 31, 2016 Andrew Sheng & Xiao Geng say that growing anxiety about rising leverage is only partly justified.

  4. A Debt Agenda for the G7
    feldstein96_Kazuhiro Nogi_Stringer Kazuhiro Nogi/Stringer

    A Debt Agenda for the G7

    May 23, 2016 Martin Feldstein wants the major developed economies' upcoming summit in Japan to address a problem affecting all.

  5. Managing Debt in an Overleveraged World
    Debt overload Bloomberg/Getty Images

    Managing Debt in an Overleveraged World

    Apr 27, 2016 Michael Spence assesses how risky the global economy's rapidly rising leverage really is.

  1. neier64_ALEXANDER NEMENOVAFP via Getty Images_putinbrezhnev Alexander Nemenov/AFP via Getty Images

    Putin’s Brezhnev Moment

    Aryeh Neier draws parallels between the regime’s ongoing crackdown on civil society and late Soviet repression.
  2. delong249_guoyaGetty Images_economicpie guoya/Getty Images

    Utopia or Bust

    J. Bradford DeLong considers our options for both expanding and effectively slicing the proverbial economic pie.
  3. op_anheier13_CHRISTOF STACHEAFP via Getty Images_scholzbaerbockhabecklindner Christof Stache/AFP via Getty Images

    Germany’s Reckoning

    Helmut K. Anheier

    Germany is now grappling with a host of difficult questions about its place in the world, the nature of its politics, and its most cherished values. For a pacifist society in a new age of conflict and war, everything must change if things are to remain the same.

    traces the contours of the country's debate, triggered by the Ukraine war, about its strategic future.
  4. coyle29_ Frank Rumpenhorstpicture alliance via Getty Images_chatgpt Frank Rumpenhorst/picture alliance via Getty Images

    Preempting a Generative AI Monopoly

    Diane Coyle urges policymakers to take steps to counter the anti-competitive implications of a rapidly emerging market.
  5. nye238_Kevin DietschGetty Images_biden kishida Kevin Dietsch/Getty Images

    Japan’s Strategic Imperative

    Joseph S. Nye, Jr. sees the country doubling down on its best option for ensuring national security and regional stability.
  6. zhang59_JADE GAOAFP via Getty Images_chinahousing Jade Gao/AFP via Getty Images

    China’s Savings Conundrum

    Zhang Jun explains why – and how – the country must stimulate household consumption to achieve a robust recovery.
  7. BP inflation hawks China News Service / Contributor via Getty Images

    The Flight of the Inflation Hawks

    Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.

  8. boly1_Giovanni MereghettiUCGUniversal Images Group via Getty Images_agriculture rwanda Giovanni Mereghetti/UCG/Universal Images Group via Getty Images

    How to Transform African Agriculture

    Safia Boly & Omid Kassiri identify four principles that could help governments across the continent boost food security.
  9. borrell19_ FADEL SENNAAFP via Getty Images_ukrainewar Fadel Senna/AFP via Getty Images

    Making Ukrainian Victory Possible

    Josep Borrell explains why continued military support and other forms of assistance remain critical.

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