Article
Dr. Albert Keidel
{
"authors": [
"Albert Keidel"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"North America",
"United States",
"China"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
U.S. Financial Crisis and the Global Economy
Although much of the world is relying on an American economic recovery to fend off a global recession, China has proven that it can support its own growth.
Published on Sep 25, 2008
Source: The Diane Rehm Show
Keidel insisted that insolvent banks should be punished to discipline the financial system. He explained that the world is relying on an American recovery, with the exception of China, which has proven to support its own economic growth. Keidel concluded that recent events have their origins in Congressional policy during the 1990s, which "starved" regulatory agencies such as the Securities and Exchange Commission.
Click here to listen to Albert Keidel on the Diane Rehm Show.
About the Author
Dr. Albert Keidel
Former Senior Associate, China Program
Keidel served as acting director and deputy director for the Office of East Asian Nations at the U.S. Department of the Treasury. Before joining Treasury in 2001, he covered economic trends, system reforms, poverty, and country risk as a senior economist in the World Bank office in Beijing.
- As China's Exports Drop, Can Domestic Demand Drive Growth?
- China’s Fourth Quarter 2008 Statistical RecordArticle
Dr. Albert Keidel
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Europe
- Can Europe Compete with the United States and China?Commentary
Between the United States’ market-driven approach and China's state-led industrial strategy, Europe is reckoning with how it can remain competitive in the global economy. But is Europe in danger of becoming a U.S. or China colony?
Noah Barkin, Anu Bradford
- Trump Turns NATO into a Tool of CoercionCommentary
The full list of humiliations Europe has endured since Donald Trump returned to the White House makes for grim reading. But Washington’s adversarial approach to its allies undermines its own power base.
Rym Momtaz
- Taking the Pulse: Is it Worth it for Europeans to Placate Trump?Commentary
After spending much of 2025 trying to placate Donald Trump, some European leaders are starting to change posture. But is even a hostile Washington still so important to Europe that the U.S. president’s outbursts are worth putting up with?
Rym Momtaz, ed.
- Europeans Are Quiet Quitting the United StatesCommentary
European leaders have now not only lost faith in Donald Trump’s U.S. presidency, but also in America’s hegemony as a whole. But short-term challenges make an immediate divorce unwise.
Rym Momtaz
- The Fog of AI WarCommentary
In Ukraine, Gaza, and Iran, AI warfare has come to dominate, with barely any oversight or accountability. Europe must lead the charge on the responsible use of new military technologies.
Raluca Csernatoni
