Generates insights into the institutional, political, cultural, and historical factors that shape our responses to deepening economic integration and the challenges of globalization. Current issues in the Business & Economics Program include the Debt Crisis, responding to the end of the years of plenty by comparing German and American responses to the crisis. It looks at macroeconomic discrepancies and their potential threat to national security, studies the responses of central banks and fiscal authorities to current challenges, and analyzes transatlantic trade and growth. In the area of Financial Regulation it examines the potential impact on credit intermediation and growth. Educating the Future Workforce is an ongoing challenge for the United States and Europe. Lessons on work-based learning systems and their role in boosting employment and economic growth can be learned from other countries’ experience in developing multiple career pathways for their citizens.
On October 29, 2015, Dr. Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank and frequent participant and speaker in AICGS programs, delivered a speech on the banking sector seven years after the initial crisis. In the speech at the Financial Markets Group Research Centre of the London School of Economics and Political …Read More
The ongoing refugee crisis has exposed new cracks in the European Union. While some European leaders, including those in the German government, had been reluctant to define the debt crisis as a threat to the very existence of the monetary union in past years, they seem to be less shy about describing the impact of …Read More
In January 2013, eleven euro zone states, including France, Germany, and Italy, decided to introduce a Financial Transaction Tax (FTT) with the goal of making the financial sector contribute to the cost of economic recovery after the 2008 financial crisis as well as creating disincentives for speculative trading. At first sight, the case of the …Read More
On November 17, 2015 in Bonn, Germany, a panel of experts from the United States and Germany will convene for a dialogue on the Transatlantic Trade and Investment Partnership (TTIP). It features a podium discussion between State Secretary Ulrich Kelber, Alexander Graf Lambsdorff, Peter Chase, and Thea Lee, moderated by Dr. Jan Philipp Burgard. AICGS …Read More
This year’s Symposium is framed around the idea of “A New Transatlantic Generation.” We know that German-American relations have long been shaped by the personal connections that were established after World War II and held firm throughout the Cold War. Since reunification, however, there has been a rapid drawdown of the American troop presence in …Read More
This week’s successful conclusion of the Trans-Pacific Partnership (TPP) negotiations is a major historical milestone. It is the first part – along with the Transatlantic Trade and Investment Partnership (TTIP) – of the U.S. Administration’s strategy to create updated rules for the global economy that take account of important new phenomena like global value chains, …Read More
Eight months after the Berlin Wall came down, Deutsche Bank returned to Eastern Germany. Our bank was founded in Berlin in 1870, but Soviet forces had closed all our branches in their zone of occupation following World War II.
In this study, Jörg Bibow, Professor of Economics at Skidmore College, assesses the ECB’s crisis management performance and potential for crisis resolution. Part of AICGS’ focus on analysis of the euro crisis, the study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under crisis conditions and how the ECB has actually used …Read More
In an era that has relegated television, and television news for that matter, to playing defense, it is refreshing for a recovering journalist such as myself to see that international TV outlets are still betting that they will continue to play a central role in how news is gathered, filtered, and ultimately used by the …Read More
Following the recent and ongoing turmoil in financial markets, largely triggered by the growing uncertainty about the health of the Chinese economy, financial investors have started to expect and demand more actions from the European Central Bank (ECB). In a research note, the British bank Barclays went as far as predicting “more easing before year-end.” …Read More