Apr 7, 2010

It's the IMF to the rescue

CAMBRIDGE, Mass. — With the International Monetary Fund playing a central role in the euro zone’s blueprint for a bailout of Greece, the multilateral lender has come full circle. In its early days after World War II, the IMF’s central task was to help ...

Mar 5, 2010

Japan's slow-motion crisis

If you listen to American, European or even Chinese leaders, Japan is the economic future no one wants. In selling massive stimulus packages and bank bailouts, Western leaders told their people, “We must do this or we will end up like Japan, mired in ...

Feb 9, 2010

Can Greece outrun the lion of default?

ATHENS — Even as the European Union and the International Monetary Fund lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default. Some view Greece as Argentina revisited, noting the stunning parallels with the country that ...

Jan 7, 2010

Grandmasters and the future of global growth

CAMBRIDGE, Mass. — As the global economy limps out of the last decade and enters a new one in 2010, what will be the next big driver of global growth? Here’s betting that the “teens” is a decade in which artificial intelligence hits escape ...

Oct 7, 2009

The Chinese have a massive dollar problem

CAMBRIDGE, Mass. — When will China finally realize that it cannot accumulate dollars forever? It already has more than $2 trillion. Do the Chinese really want to be sitting on $4 trillion in another five to 10 years? With the U.S. government staring at ...

Sep 5, 2009

Moving from financial crisis to debt crisis?

CAMBRIDGE, Mass. — Everyone from the queen of England to laid-off Detroit autoworkers wants to know why more experts did not see the financial crisis coming. It is an awkward question. How can policymakers be so certain that financial catastrophe won’t soon recur when ...

Aug 6, 2009

Finance lessons still not learned one year on

CAMBRIDGE, Mass. — Next month marks the one year anniversary of the collapse of the venerable American investment bank, Lehman Brothers. The fall of Lehman marked the onset of a global recession and financial crisis the likes of which the world has not seen ...

Jul 8, 2009

Will Europe's economies regain their footing?

STOCKHOLM — What will Europe’s growth trajectory look like after the financial crisis? For some Europeans, still nervous that their economies and banking systems might collapse, this is a little like asking a passenger on the Titanic what they plan to do when they ...

Jun 17, 2009

Balancing U.S.-China economic ties

CAMBRIDGE, Mass. — As the global economy stabilizes, there is a growing danger that the United States and China will slip back into their precrisis economic patterns, placing themselves and the rest of the world at risk. Despite Chinese official rhetoric about the need ...

May 10, 2009

Here comes a downsized 'norm'

CAMBRIDGE, Mass. — Markets are bubbling over signs of “green shoots” in the global economy. An increasing number of investors see a strong rebound coming, first in China, then in the United States, and then in Europe and the rest of the world. Even ...