White, Grey, and Black (Euro) Swans: Dealing with Transatlantic Financial Risk in 2012
The idea that the euro crisis is over is hopeful at best, naïve at worst. It is far from over. We are actually at the beginning of a dangerous new …
The Politics of Central Banking
According to AICGS Senior Fellow Alexander Privitera, both the Federal Reserve (FED) and the European Central Bank (ECB) are increasingly becoming political bodies, forced by growing public scrutiny to build their own constituencies.
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Support Our WorkFacing New Realities: Europe’s Future Role in the IMF
Paul Maeser, an APSA Congressional Fellow for the German Marshall Fund of the United States, examines the changing role of European nations within the International Monetary Fund (IMF) as a result of the debt crisis surrounding the euro.
The New Role of Universities in the Twenty-first Century: Universities as Engines of Innovation and Entrepreneurial Hubs
Policy Report 50 In Policy Report 50, Prof. Dr. Andreas Pinkwart analyzes the changes underway within the innovation systems in the United States and Germany. He looks at how modern …
Invisible Redistribution to Weaker Economies? The Case for EU Automatic Stabilizers
The Greek financial crisis seems finally to have been overcome, thanks to emergency European Union (EU) and International Monetary Fund (IMF) lending to the Greek government. Bondholders will have been …
Germany’s Softening Stance
Despite a week dominated by negative headlines about the Chinese economy and rising gas prices, interest rates for sovereign bonds from Spain and Italy remain quite low. Is the worst of the crisis really over or are investors just lulled by the massive intervention from the ECB?
The Exit Strategy
At the recent AGI conference “Rising Tensions between the European Central Bank and the Bundesbank,” AGI Senior Fellow Alexander Privitera and David Marsh, Co-Chairman of the Official Monetary and Financial …
The Half Full Glass
Senior Fellow Alexander Privitera argues that the skeptics might underestimate that in this crisis, progress is not only measured in pure economic terms, but also by political progress.
