Tax havens enjoy the protection of powerful forces; cracking down on them will be difficult. It can only be done by mobilizing public anger to break up systems...

After the election of Donald Trump to the presidency, there were wide expectations that the market would respond negatively to his unexpected victory. And yet stock...

The populist forces that have emerged throughout the continent challenge the legitimacy of the euro and threaten both the institutional and ideational foundations...

The recent history of how the Japanese yen tried and failed to become the dominant international currency provides a good illustration of the challenges faced by...

Donald Trump’s election made investors justifiably nervous. But a mass exodus from the U.S. Treasuries market is unlikely.

The markets have done no more than reward U.S. stocks for riding the coattails of global growth.

Decades of appeals to technocratic exceptionalism—the idea that monetary policy should be shielded from democratic oversight—have led to the very politicization of...

The federal government should do more to push back against the states that are helping transform the United States into a global offshore haven.

The widespread adoption of blockchain would benefit importers and exporters, granting them access to the financial backing that many now lack.

China’s ballooning corporate debt remains the number one systemic risk to global economic recovery.

Donald Trump will usher in a new era of American prosperity, by making the corporate taxes more competitive, reducing regulation, boosting energy production, and...

Sooner or later, the United States will face another major financial crisis. Yet the tools policymakers have for responding are even weaker than they were before...

The global revolt against elites is not just driven by revulsion and loss and racism. It’s also driven by the global economy itself. The era of neoliberalism is...

After the financial crisis, U.S. President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. But that measure needs to be...

In recent years, financiers—working closely with governments and nongovernmental organizations—have begun merging private capital markets with public systems in...

Contrary to popular belief, the real cause of the Great Recession lay not in the housing market but in the misguided monetary policy of the Federal Reserve. To...