Government Finance

    Government response to global financial crisis has threatened to crowd out the other important social functions of government the world over. Economic and social development require restoration of governments' ability to effectively tax and borrow within capital markets.

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    Sovereigns versus Banks: Credit, Crises and Consequences

    Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the risks of lax fiscal policies. However, the two may interact in important and understudied ways. Read more

    What Kind of Brexit, What Kind of European Union?

    Feb 9, 2017 | 04:00—05:30

    States and Markets

    India's Economic Challenges

    May 9, 2017 | 04:00—05:30

    The Challenges of Europe's Monetary Union

    Pisani-Ferry discusses the challenges facing the creation of a common monetary union in the form that was eventually agreed in the 1990s absent a political union. Watch the video