News
Market Watch | IMF: Europe banks may have to shed $4.5T of assets
If European governments fail to solve the euro-area crisis -- implementing policies including tighter fiscal management, growth promotion, resolution of problem banks and unified bank supervision -- the region's banks could be forced to sell as much as $4.5 trillion of assets, the International Monetary Fund said in a report dated Wednesday.
Econ Comments & Analysis
The American | How to Think about QE3
Alan Blinder, a prominent Democratic economist, once complained that when economists are in broad agreement with high confidence (on the issue of free trade, for example), they are never consulted. Instead, journalists and laymen ask economists to make pronouncements only on topics where there is little confidence and strong disagreement.
AEI | US will flood world with liquidity for years to come
Sir, There are many reasons to be concerned about the long-run global economic outlook and about the prospects for the long-run maintenance of an open international trading system. However, a shortage of global liquidity would not appear to be one of them, notwithstanding Barry Eichengreen’s assertion to the contrary
