Publications

In the spotlight

Funding the Recovery: The Future Role of Traditional Banking and Capital Markets: Comparing the United States and Europe

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Since the 2008 financial crisis, the United States and Europe have sought to reform the banking industry in an effort to reduce future risks to the financial system and economy. This Policy Report compares the role of capital markets in the U.S. and Europe in supporting the real economy. It focuses on the link between traditional… Read more >

Setting the Stage for a U.S.-German Partnership Befitting the Twenty-First Century

Chancellor Angela Merkel and President Barack Obama were right to pull the plug on the emotional debate over intelligence gathering and task their chiefs of staff, Peter Altmaier and Denis McDonough, with finding a solution to the conflict. This process will need time, thorough attention, and the willingness to embark on a… Read more >

Muslims in Germany: A Post-Crisis Update

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The rise of anti-immigrant sentiment in Europe has been one of the most of worrying trends in the wake of the euro crisis. Surprising gains by far-right and far-left parties in the recent European Union parliamentary elections pose a fundamental challenge to Europe’s identity. If “anti-immigration” policies become part of the political… Read more >

The Opening Shots in a German Security Debate?

The signs of new strategic thinking on the German international role have emerged over the past year, particularly with the new Grand Coalition.  A more visible role in security policy would signal a turning point in German foreign and defense policy, with implications for the international community. That point has not yet… Read more >

Europe: Is There a Light at the End of the Tunnel?

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Thanks to the actions taken by the European Central Bank (ECB) in 2012, the euro crisis is over. But the damage inflicted to the real economy will take years to repair. Indeed, in the absence of a more robust recovery Europe could experience a decade of low growth, low inflation, and high… Read more >

A Farewell to Balance: How Journalism Shapes the Public Debate on Climate Change in the U.S.

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If you have a basic understanding of the science and politics related to climate change, do not read the following paragraph—most of it will sound self-evident! Yet, given the way climate change is often debated in the media, the following statements could be a useful template for a preamble for anyone contributing… Read more >

“Made in Germany” – Produced in America? How Dual Vocational Training Programs Can Help Close the Skills Gap in the United States

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Two of the strongest education systems and economies worldwide, the United States and Germany, have been among the key sources for models in skill formation emulated globally. Public and private investments in skill formation have increased in both countries. Yet these systems maintain contrasting emphases: general and academic education in the U.S…. Read more >

Merkel’s Leadership in the Ukraine Crisis

Willy-nilly, the Ukraine crisis turned German Chancellor Angela Merkel into the geopolitical as well as financial leader of Europe. President Joachim Gauck, in the company of Foreign Minister Frank-Walter Steinmeier and newly-minted Defense Minister Ursula von der Leyen, started to campaign for a more muscular German foreign policy at the Munich Security… Read more >

The European Monetary Union: More Stable than Ever

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While the European debt crisis was raging in the financial markets, an old question resurfaced: can the euro survive on a sustained basis even though the currency does not meet the criteria of a so-called optimum currency area? Many economists were mistrusting the concept of European Monetary Union (EMU) long before the… Read more >

Funding the Recovery: The Future Role of Traditional Banking and Capital Markets: Comparing the United States and Europe

Privitera_NewImage

Since the 2008 financial crisis, the United States and Europe have sought to reform the banking industry in an effort to reduce future risks to the financial system and economy. This Policy Report compares the role of capital markets in the U.S. and Europe in supporting the real economy. It focuses on the link between traditional… Read more >

Germany’s Russia Policy: Comparative Perspectives and Consequences for Transatlantic Relations

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German reactions to Russia’s annexation of Crimea under President Vladimir Putin and Russia’s support for separatism in eastern and southern Ukraine have resurrected suspicions and concern about the content and direction of German-Russian relations.  Questions are being asked as to whether “a new Berlin-Moscow axis” is about to develop[1] and whether Germany… Read more >