The Botched Rescue in Cyprus
The decision to endorse a bailout deal that included a levy on bank deposits was legally dubious, morally unjustifiable, managerially inept, and economically foolish. […]
Year: 2013
Cyprus and the Euro Crisis
The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly. […]
Don’t Buy the Hype on the Transatlantic Trade Deal
Expectations for the U.S.-EU free trade agreement are dangerously high. Reaching a deal is likely to take longer and produce smaller gains than optimistic figures suggest. […]
Economic Turmoil in Arab Countries—Can Partners Help?
Summary:
Two years after the democratic revolutions in several Arab countries, the economic situation in the region remains precarious. […]
European Union Debt Crisis
The euro crisis continues to hamper Europe’s growth, and the risk of contagion hangs in the air. […]
The Limits of Philanthropy
The 300 billion dollars Americans give every year to philanthropic causes provide a channel for important social change. So why are academics and even President Obama in favor of limiting tax deductions that can be claimed for charitable contributions? […]
Egypt’s Economy Two Years After Mubarak
Two years since the outbreak of democratic revolutions in Egypt, the economic situation in the region remains precarious. Egypt’s economy struggles to grapple with high levels of unemployment, decreasing reserves, a widening fiscal deficit, and costly, yet inefficient, subsidies. […]
Bubble Building
Speaking on RT CrossTalk, Carnegie’s Uri Dadush discussed the use of monetary expansion by advanced countries to redress their economies. He warned that although the world is not yet in a new bubble economy, it […]
Europe’s Stagnant Future
The euro crisis is far from over. The best possible outcome for Europe may be years of stagnation, as the danger of a renewed financial crisis is very real indeed. […]
Obama’s Second-Term Agenda and the Global Economy
Obama’s State of the Union address reinforces his overwhelming focus on a domestic agenda in his second term. […]