International Selection

For a Russia that has become authoritarian and has seen how the EU can transform struggling transition countries into increasingly prosperous democracies, Europe is too close for comfort. A column by Daniel Gros.

Much of the cultural groundswell surrounding Thomas Piketty's book comes from people who are middle class within their own countries, but who are at least upper middle class by global standards. A column by Kenneth Rogoff.

Anat Admati urges regulators to give citizens a stable financial system. They must ask for more equity to be held by banks. And Banks should be brought into an existence which is more similar to other corporations. We should not subsidize leverage, which lets banks take too much risk, and then pay the bill if things go wrong. Coco-Bonds are no substitute for equity, says Admati.

New technologies, after having redefined media, are slowly beginning to change finance in a similar way, probably starting to transform the way capital is mobilized and allocated. A column by Mohamed A. El-Erian.

When it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be. A column by Raghuram Rajan.

Bill Miller, Fondsmanager at Legg Mason, explains to «Finanz und Wirtschaft», why he thinks the consolidation of stock markets is only transitory and he expects a strong rebound towards the end of the year.

The need for more investment in transport, telecom, energy, and education certainly is not only a German issue. The challenge is to attract more private capital into these areas. A column by Michael Heise.

We will be more likely to promote innovative activity if we are able to measure it more effectively and document its role in economic growth. A column by Edward Jung.

With the right preparation, there is no reason why a leader cannot specialize and manage. The results could be remarkable. A column by Amanda H. Goodall

The critical limit beyond which creditors become anxious has been raised significantly by the Eurozone's bailout architecture. This will bring a few years of calm, then the storm will come. A column by Hans-Werner Sinn.

For both retail and institutional investors who distinguish between individual countries’ and sectors’ prospects, emerging markets will remain attractive long-term investment opportunities. A column by Laura Tyson.

If the US is to escape the consequences of government capture by big Wall Street banks, it cannot wait for Europe to catch up on regulation, including capital requirements. A column by Simon Johnson.