• Research

    Can the G20 Grow Faster?

    Faster growth in the G20 must come through increased demand in advanced nations—beginning with the United States and Germany—rather than agreements about currency appreciations or current account targets.

    • Commentary

    Why NATO Is on the Right Track

    When NATO leaders convene in November, they will undertake a reexamination of the alliance’s policy on nuclear weapons, a review that, spurred by recent nonproliferation initiatives, could split NATO’s members if not handled carefully.

    • Research

    How to Avoid a Currency War

    Threats of a currency war hang in the air, but few countries have actually seen their exchange rate appreciate significantly. Major world economies should refocus on domestic policies before the rhetoric turns into reality.

    • Research

    Europe's Debt Crisis Continues to Simmer

    The relative calm in Europe signals a pause in—not an end to—the debt crisis. Though policy makers have taken encouraging initial steps to close budget deficits and restore competitiveness, much more remains to be done.

    • Research

    It Is Too Early to Withdraw Fiscal Stimulus

    Private demand is not yet strong enough in advanced countries to compensate for the drag to come from fiscal stimulus withdrawal. Large countries that can afford to delay the withdrawal should do so.

    • Multimedia

    The Enduring Euro Crisis

    The problems that led to the crisis in Europe go beyond just fiscal profligacy and will take a long time to correct. Though the euro will likely survive the adjustment, the crisis could still have a profound effect on the global economy.

    • Research

    Europe’s Second Banking Crisis?

    Still recovering from the Great Recession, European banks are now threatened by the debt crisis. Policy makers in Europe must act quickly to restore the banking system to health, beginning with fixing their fiscal mess.

    • Commentary

    Why is Obama Calling Merkel?

    The United States has a vital interest in containing the Euro crisis, and Germany’s leadership or lack of it will determine whether the response to the crisis succeeds or the euro zone unravels.

    • Commentary

    Causes and Consequences of the Euro in Crisis

    European leaders are finally coming to appreciate the depth and severity of the European debt crisis, but their policy responses so far still do not go far enough to resolve the crisis.

    • Event

    Euro Crisis: Responses from the United States and Germany

    As the European crisis continues to intensify, critical questions are emerging about German leadership and the role that the United States can play to influence events in Europe.

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