Sunday February 12, 2012

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RESEARCH AND COMMENTARY

Save to My PortfolioThe Role of the Renminbi in the Global Monetary System

Eswar Prasad and Lei (Sandy) Ye, February 2012, The Brookings Institution

Customer holds Renminbi banknotes in BeijingEswar Prasad and Lei Ye examine the role of China's renminbi currency in the global monetary system as it relates to internationalization, capital account convertibility and reserve currency. Prasad and Ye argue that the renminbi will play an increasingly significant role in global trade and finance. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioItalian Prime Minister Monti's Visit to the White House

Domenico Lombardi, February 06, 2012, The Brookings Institution

Italian Prime Minister Monti addresses news conference in BerlinDomenico Lombardi previews Italian Prime Minister Mario Monti's visit to the White House, where the euro crisis is likely to top the agenda. Lombardi argues that Monti is taking a proactive approach to engage other countries on enacting reform. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioIs the Euro-Cure Worse Than the Disease?

Domenico Lombardi, January 31, 2012, Longitude

As European leaders scramble to find a resolution to the euro crisis, Domenico Lombardi argues that actions taken this far may have set conditions for a long period of economic retraction, and outlines three steps that the eurozone should take to help stabilize the situation. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioChancellor Angela Merkel Asks “Do We Dare More Europe” Amidst Widespread Skepticism

Diana Villiers Negroponte, January 26, 2012, The Brookings Institution

German Chancellor Merkel speaks during the World Economic ForumDiana Negroponte discusses German Chancellor Angela Merkel's opening speech at the 2012 World Economic Forum and her call for greater fiscal and labor integration. While Merkel's presentation pushed for progress, Negroponte argues that credibility of Europe's political leaders must be restored to respond to society's needs. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioTwo Versions of the European Debt Crisis

Eduardo Levy-Yeyati and Mario Blejer, January 25, 2012, The Brookings Institution

The Euro statue in front of the ECB headquartersEduardo Levy-Yeyati and Mario Blejer examine the European Central Bank's decision to lend to commercial banks, a move that has renewed optimism that the debt crisis has been practically resolved. Levy-Yeyati and Blejer argue that this resolution depends on the eurozone countries deciding to become a true monetary union. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioMaintaining Financial Stability in an Open Economy: Sweden in the Global Crisis and Beyond

Ralph C. Bryant, Dale Henderson and Torbjörn Becker, January 20, 2012, SNS Förlag

Swedish kronor notes in the 500 denominationDuring the global financial crisis, Swedish policymakers took extraordinary measures to prevent a catastrophic financial meltdown. Ralph Bryant and co-authors evaluate Sweden’s measures and place them in the context of major financial issues facing all countries, emphasizing the openness of Sweden’s financial system, their vulnerabilities to shocks abroad, and policy actions that, looking ahead, can mitigate crisis strains and improve financial stability. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe IMF and the Eurozone: Weighing Unconventional Options to Stabilize the Global Economy

Domenico Lombardi and Sarah Puritz Milsom, January 19, 2012, FT.com

The stock market in MadridDomenico Lombardi and Sarah Puritz Milsom propose that the general allocation of Special Drawing Rights, a reserve asset created by the International Monetary Fund, could stabilize the global economy, provide market confidence, and generate additional financing that could be partially mobilized toward stabilizing the euro-area crisis. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioJapan's Rescue of the IMF

Bessma Momani and Carin Holroyd, January 12, 2012, Social Science Japan Journal

Bessma Momani and Carin L. Holroyd examine Japan's $100 billion commitment to the International Monetary Fund, arguing that Japan made this commitment to demonstrate global responsibility and to encourage more support for the country's preferences for debtor reforms.
Read More

RESEARCH AND COMMENTARY

Save to My PortfolioGlobal Imbalances and Domestic Inequality

Kemal Derviş, January 11, 2012, Project Syndicate

Kemal Derviş examines the implications of global imbalances on sustainable growth and the rising inequality between the economies of advanced and emerging countries. Read More

BOOK

Save to My PortfolioSaving Europe: How National Politics Nearly Destroyed the Euro

Carlo Bastasin, January 01, 2012

Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of extinction, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know it. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe Financial Crisis and the Path of Reform: Three Years Later

Michael Barr, December 21, 2011, The Brookings Institution

The Financial Crisis and the Path of Reform: Three Years LaterMichael Barr summarizes the financial reform measures that have been put in place both in the United States and abroad since the 2008 financial crisis. Barr discusses in further detail the threats to reform's implementation, both political and within the industry, that have deveolped since the passage of the Dodd-Frank Act in July 2010. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe Eurozone Crisis Dividend an Opportunity for Africa’s CFA Franc Zone

Vera Songwe and Nelipher Moyo, December 16, 2011, The Brookings Institution

The Eurozone Crisis Dividend an Opportunity for Africa’s CFA Franc ZoneVera Songwe and Nelipher Moyo examine the implications of the eurozone crisis on Africa’s Communauté Financière Africaine (CFA), arguing that the franc zone could yield positive dividends as a result of the weakening euro.  Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe Euro-Area Crisis: Weighing Options for Unconventional IMF Interventions

Domenico Lombardi and Sarah Puritz Milsom, December 2011, The Brookings Institution

The Euro-Area Crisis: Weighing Options for Unconventional IMF InterventionsDomenico Lombardi and Sarah Puritz Milsom explore the role of the International Monetary Fund in the eurozone crisis and review the policy options that the international community must consider to strategically and effectively address the current situation. Read More

PAST EVENT

Save to My PortfolioAssessing the Euro Summit

Wednesday, December 14, 2011
5:00 PM to 6:30 PM
Washington, DC

Euro coins.The latest euro summit, ending on December 9, is tasked with finally providing a true comprehensive solution to the sovereign debt and banking crises in the eurozone. On December 14, the Center on the United States and Europe and Economic Studies at Brookings will host a discussion assessing the successes and failures of the euro summit. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioEurozone Summit: Maybe Too Late, But Not Too Little

Carlo Bastasin, December 13, 2011, The Brookings Institution

Commenting on the December 8-9, 2011 European Union Summit, Bastasin writes that the outcome is tilted toward optimism. According to Bastasin, Europe is on the right path toward a solution to its financial crisis, and all of the necessary instruments are available – credible national leaders, adequate bailout funds, a legal and even judicial basis for a real fiscal union, and quantitative credit easing. Read More

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State of Metropolitan AmericaMetropolitan Policy ProgramState of Metropolitan America

Foreshadowing 2010 Census results, this new Brookings report and interactive map defines who Americans are—and who they are becoming—in the face of continued growth, population aging and diversification, uneven educational attainment and income polarization.

Center for Technology InnovationPolicy CenterCenter for Technology Innovation

The Center for Technology Innovation is at the forefront of shaping public debate on technology innovation and developing data-driven scholarship to enhance understanding of technology’s legal, economic, social, and governance ramifications.

Darrell M. WestExpertDarrell M. West

Darrell M. West is vice president and director of Governance Studies and founding director of the Center for Technology Innovation at Brookings. His studies include technology policy, electronic government, and mass media.

Energy and ClimateTopicEnergy and Climate

What will it take to mitigate severe climate disruption? What should our priorities be in the relationship between fresh water and climate change? What will it take to help vulnerable countries and regions adapt to change already taking place?

Global ChangeTopicGlobal Change

How do we develop more realistic approaches and more effective means of ending intractable old conflicts and preventing new ones? How do we enhance measures to thwart nonstate actors—especially terrorists and illicit traffickers—and prevent the spread of nuclear weapons?

Growth through InnovationTopicGrowth through Innovation

What new practices and mechanisms will help prevent another economic downturn from turning into a financial panic that could become a truly global meltdown? What changes in the public and private sectors will build the workforce and infrastructure required for a global information-based economy?

Opportunity and Well-beingTopicOpportunity and Well-being

As they weather the current economic storm, will our governments and societies address the basic needs and aspirations of the least well-off? How can we better use education to raise individual aspirations? How should governments around the world accelerate preparations to provide social services for the billions moving from poverty into the middle class?

John L. Thornton China CenterPolicy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

Robert KaganExpertRobert Kagan

Robert Kagan is an expert and frequent commentator on Egypt, the Middle East, U.S. national security, and U.S.-European relations. He writes a monthly column on world affairs for the Washington Post and is a contributing editor at the Weekly Standard and the New Republic.

Daniel KaufmannExpertDaniel Kaufmann

Daniel Kaufmann was previously the director at the World Bank Institute, leading the work on governance and anti-corruption. His areas of expertise are public sector and regulatory reform, development, governance and anti-corruption.

Mwangi S. KimenyiExpertMwangi S. Kimenyi

Mwangi S. Kimenyi is senior fellow and director of the Africa Growth Initiative. The founding executive director of the Kenya Institute for Public Policy Research and Analysis (1999-2005), he focuses on Africa's development including institutions for economic growth, political economy, and private sector development.

Donald KohnExpertDonald Kohn

Donald Kohn is a 40-year veteran of the Federal Reserve System and served as vice chairman of the Board of Governors of the Federal Reserve from 2006 to 2010. He was recently appointed by the government of the United Kingdom and the Bank of England to serve on its interim Financial Policy Committee. Kohn focuses on issues of monetary policy, financial regulation and macroeconomics.

Brookings Mobile ApplicationsNEW FEATUREBrookings Mobile Applications

Stay up-to-date with our independent, high-quality research, learn about Brookings events and search our directory of experts all from your BlackBerry, iPad, iPhone or Android device.

Shadi HamidExpertShadi Hamid

Shadi Hamid focuses on Islamist political parties and democratic reform in the Middle East. Prior to joining Brookings, he was Director of Research at the Project on Middle East Democracy (POMED) and a Hewlett Fellow at Stanford University’s Center on Democracy, Development, and the Rule of Law.

Katherine SierraExpertKatherine Sierra

Katherine Sierra is a senior fellow in the Global Economy and Development program. A former vice president for sustainable development at the World Bank, she focuses on climate change and energy.

William G. GaleExpertWilliam G. Gale

Bill Gale, the Arjay and Frances Miller Chair in Federal Economic Policy in the Economic Studies Program at Brookings, is an expert on tax policy, fiscal issues, pensions, and saving behavior. He is also co-director of the Tax Policy Center and director of the Retirement Security Project.

Center on Children and FamiliesPolicy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

Vanda Felbab-BrownExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is the author of Shooting Up: Counterinsurgency and the War on Drugs (Brookings Institution Press, 2009).

Suzanne MaloneyExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

Africa Growth InitiativeResearch ProjectAfrica Growth Initiative

The Africa Growth Initiative conducts high-quality policy research and analysis focused on attaining sustainable economic development and prosperity in Africa, while amplifying the voice of African researchers in policy-making and planning.

Alice M. RivlinExpertAlice M. Rivlin

In February 1975, the Congressional Budget Office was established with Alice Rivlin as its first director. Rivlin is an expert on urban issues as well as fiscal, monetary and social policy and directs the Greater Washington Research project at Brookings.

Isabel V. SawhillExpertIsabel V. Sawhill

A nationally known budget expert, Isabel Sawhill focuses on domestic poverty and federal fiscal policy. She is also co-director of the Center on Children and Families and the Budgeting for National Priorities Project at Brookings.

Budgeting for National PrioritiesResearch ProjectBudgeting for National Priorities

The Budgeting for National Priorities project promotes greater fiscal responsibility by developing new ideas, educating the public and finding common ground among experts and policy-makers.