With Emmanuel Macron’s victory in the French presidential election, and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead of Germany’s general election on September 24, a window has opened for eurozone reform.The euro has always been a

This month marks the 20th anniversary of the Asian financial crisis — or, more precisely, of the event that triggered the crisis: the devaluation of Thailand’s baht.While such anniversaries are not exactly cause for celebration, they at least afford an opportunity to look back an

Donald Trump took office promising a raft of sweeping economic-policy changes for the United States.He has quickly discovered, like previous US presidents, that America’s political system is designed to prevent rapid, large-scale change, by interposing formidable institutional ob

At the start of October, China’s currency, the renminbi, was added to the basket of currencies that make up the International Monetary Fund’s (IMF) Special Drawing Rights, or SDR.Previously, the SDR had been defined as a weighted average of the dollar, euro, British pound and Jap

I have no special expertise on the question of whether Britain should leave (or “Brexit”) the European Union.True, I did live in the United Kingdom until a bit less than a year ago.

The silly season that is a presidential election campaign in the United States has taken a particularly absurd turn as the candidates offer their proposals for monetary policy reform.This is not the first time, of course, that presidential candidates have proposed changing how US

Recent trends in productivity growth make it hard to be optimistic about the future. In 2014, the global growth of total factor productivity, or TFP, which measures the combined productivity of capital and labour, was essentially zero for the third consecutive year. Thi

It is hard to be optimistic about Europe.Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart.In country after country, extremist political parties are gaining ground.And Russian President Vladimir Putin’s incursion into Ukrai

Whatever one thinks about the tactics of Greek Prime Minister Alexis Tsipras’s government in negotiations with the country’s creditors, the Greek people deserve better than what they are being offered.