The responses by the IMF and the U.S. government to the Mexican crisis of 1994 to 1995 and the recent Asian crises are examples of dangerous short-sightedness.

The Byzantine Empire’s long run — 1,100 years — may seem remote from the 21st century, but a reading of its history offers at least three timeless lessons.

The recent kidnapping of a handicapped French woman from a Kenyan resort, initially attributed to Somali pirates, was the second such kidnapping in a month. Kenyan authorities now blame al-Shabab, the Somali terrorist group affiliated with al Qaeda. Why should we treat the growing menace of Somali piracy differently from terrorism?

Venezuelan leader Hugo Chávez has tried for 10 months to conceal the fact that he is losing his bout with cancer, determined to appear in command of his revolutionary regime and the nation's future. So why isn't anyone outside Venezuela paying attention?

The Basel Committee on Banking Supervision (Basel Committee) is proposing to regulate bank liquidity. This marks a major innovation in the Basel approach to international banking regulation.

Chairman Bernanke can be faulted for not anticipating the severity of the global financial crisis, however he deserves some credit for helping stabilize the financial sector at a time of unprecedented instability.

Europe's economy looks like it will continue to get worse, before it gets better.

Europe is now battling an acute systemic debt crisis that threatens the global financial system and the global economy. This worsening crisis constitutes the largest single threat to the US economy and its financial system