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AEI's John Makin examines the consequences of German deflationary policies and Greece's probable exit from the eurozone in the latest Economic Outlook.
During the past three decades, bank supervision and regulation have failed. The banking industry—in the United States and worldwide—has been beset by an array of unprecedented and severe crises. At this AEI event, professor Charles Calomiris will lay out a 10-point "incentive-robust" framework for financial reform and a panel of experts will discuss his work.
The recent election outcomes significantly changed the political leadership of France and Greece - American Enterprise Institute (AEI) Scholars Desmond Lachman and Danielle Pletka are available to comment on their economic and foreign policy implications.
Can the current post-Bretton Woods international monetary system prevent a return to the beggar-thy-neighbor policies and competitive devaluations that so harmed international prosperity in the 1930s? What are the system's flaws? Can they be corrected, and if so, how? An expert panel will address these and related issues.
"Engineering a successful transition out of deflation is one of the most challenging aspects of monetary policy, but the Bank of Japan just might be able to do it this time."
Progress has been made in reforming the International Monetary Fund, specifically in adopting recommendations of the Meltzer Commission. However,greater reform is desirable.
The world—not just the United States—felt the pain of the 2008 financial crisis, and governments rushed to change the way the financial industry was regulated. While from Washington, DC, the Shadow Financial Regulatory Committee has been tracking the progress of financial regulation in America, shadow financial committees around the world have been following regional developments.
Europe’s proposed financial firewall around Spain and Italy will prove any more effective in protecting those countries from another market onslaught than was the Maginot line in protecting France. The very design of the proposed firewall appears to be basically flawed in dealing with a renewed loss of market confidence in the euro’s long-run sustainability.






