International Selection

The Snowden affair has blown up any illusion about trust between leaders – and also about leaders’ competence. A column by Harold James.

Paul Krugman's campaign against Carmen Reinhart and Kenneth Rogoff illustrates that perhaps respectful debate in economics is possible only in academia. A column by Raghuram Rajan.

Whoever succeeds Ben Bernanke ought to be an unorthodox central banker who will fight deflation expectations. Both Larry Summers and Janet Yellen fit this profile. A column by Kenneth Rogoff.

Those in charge of financial reform did not really want to make rapid progress. In the US and Europe, governments are gripped by the fear that their economies will slip back into recession. A column by Simon Johnson.

China doubters in the West have misread the Chinese economy’s vital signs once again. Far from crashing, the Chinese economy is at a pivotal point. The wheels of rebalancing are turning. A column by Stephen S. Roach.

Ben Bernanke will leave the Fed at the beginning of 2014. He may want to complete his policy legacy by beginning the exit from unconventional policies before he leaves the Fed. A column by Martin Feldstein.

China’s attitude to GDP growth is changing, but it must continue to change a lot more if China is to avoid a very painful economic adjustment. A column by Michael Pettis.

Probably in autumn the German Constitutional Court will take it’s decision concerning complaints against the ECB. A ruling that the OMT program is illegal could lead to the breakup of the Euro Aera.

The european banking sector is too large and has too little capital. Europe is unlikely to recover fully from its current slump as long as the sector is not recapitalized. A column by Daniel Gros.

Less global growth caused by a deliberate slowdown of economic growth in China will also make for a slower return to 7 per cent unemployment rate in the United States. This will influence the policy of the Fed. A column by Barry Eichengreen.

British authorities do not even have a firm grip on the basics of regulating capital – that is, determining how much equity is safe for large complex global financial institutions. A column by Simon Johnson.

Although Germany's Constitutional Court has no say over the ECB, it can judge whether EU institutions act according to the treaties and, if not, force the German government to take action. A column by Hans-Werner Sinn.