The International Banking Crisis and Institutional Reforms

As the global financial crisis has expanded, there is considerable confusion in Germany about how to cope with the crisis and fall-out in the real economy, writes Prof. Dr. Paul J.J. Welfens, president of the European Institute of International Economic Relations (EIIW) and a former AICGS Fellow. Dr. Welfens proposes five specific ‘institutional innovations’ that would help in ending the chaos and inefficiencies in the banking systems, and argues for the introduction of a new tax regime designed to encourage bankers to have a long term time horizon in decision-making.

Global Capital Flows

The global credit crunch has caused some to wonder whether or not the U.S. will be able to fulfill its account obligations to the rest of the world. However, the U.S. continues to have positive investment income. DAAD/AICGS Fellow Ute Volz discusses how this is possible and looks at the international investment positions (IIP) of the U.S. and Germany, focusing on the apparent ability of the United States to generate income out of a debtor position and why Germany is currently unable to do better with its IIP strategies.

Overcoming the Lethargy: Climate Change, Energy Security, and the Case for a Third Industrial Revolution

Climate change is one of the most important challenges that the world faces today. In addition to the war in Iraq, climate policy was also one of the primary causes …

Innovation in the United States and Germany: The Future

As mature, post-industrial economies, the United States and Germany confront a promising, if uncertain, future in the realm of innovation. How they approach that future—what they choose to do and …

Innovation in the United States and Germany: Case Studies

As two pillars of the global economy, the status and future of applied innovation in the U.S.-German partnership constitutes a long term challenge to decision-makers on both sides of the Atlantic, albeit for slightly different, if convergent, reasons…

Innovation in the United States and Germany

As economic ties between the United States and Germany have grown steadily deeper and more intertwined, economic performance in one country increasingly affects the transatlantic partnership as a whole… Download …