Finance

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Snapshot,
Jonathan Hopkin and Mark Blyth

Wealthy Russian expats seem to wield substantial influence over the British government's approach to the Ukraine crisis, which points to the outsized role that such super-rich play in British politics. But all that foreign money reveals deep structural weaknesses in the British economy.

Snapshot,
Tom Keatinge

Since 2011, FATF, the international body charged with developing policies to combat money laundering and terrorism financing, has had Turkey on its gray list of high-risk and non-cooperative jurisdictions. Here's why.

Comment, Mar/Apr 2014
Jake Kendall and Rodger Voorhies

Most of the world’s poor lack a basic savings account, but the humble cell phone may change all that. Thanks to mobile finance, banks can now offer critical services to more people and in more places than ever before, helping them escape poverty for good.

Snapshot,
Piotr Zalewski

Many market watchers were relieved when Turkey's central bank recently raised its lending rate. Turkey's prime minister was not one of them.

Snapshot,
Philip Shishkin

In just a few short years, Eugene Gourevitch has gone from Kyrgyzstan's premier financier and confidant of the ruling family, to wanted man, to FBI informant. His story shows just how business gets done in many corners of the post-Soviet world.

Snapshot,
William H. Janeway

Throughout the history of capitalism, economic bubbles have been necessary, especially when the object of speculation is one of those fundamental technological innovations — railroads, electrification, the Internet — that eventually transforms the economy. That is good news for the economy, since the next bout of overheated investment, this time in green tech, is already in the offing.

Essay, Jul/Aug 2013
R. Glenn Hubbard and Tim Kane

Hardly the blow to democracy that many painted it as, the U.S. Supreme Court's decision in Citizens United will make American politics more competitive, less beholden to party bosses, and more responsive to the public at large. It may even help break the fiscal stalemate strangling the U.S. economy.

Review Essay, Jul/Aug 2013
J. Bradford DeLong

The global economic downturn is hardly over, and without a more dramatic set of actions, the United States is likely to suffer another major crisis in the years ahead. A new book by Alan Blinder may be the best general volume on the recession to date, but it paints an overly optimistic portrait of the current situation.

Comment, May/June 2013
Steven N. Kaplan

Much of the outrage over economic inequality in the United States has centered on the high compensation and lack of accountability that corporate executives supposedly enjoy -- allegedly the result of boards at public companies. The truth, however, is that American CEOs now earn less and get fired more than in the recent past.

Snapshot,
Robert Greenstein

To get out of its economic hole, the United States needs to cut spending and increase revenue. But policymakers must not let new taxes harm low-income working families, who have the fewest resources to contribute to reducing the deficit anyway.

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