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New Atlanticist

May 7, 2020

The coronavirus crisis highlights the need to diversify risk sharing in Europe

By Sona Muzikarova

Capital markets have been one of Europe’s policy ‘slow-burn’ issues. The coronavirus crisis rearing its ugly head over Europe, along with Brussels’ slow coming together in formulating a shared rescue package, have reignited the need to balance public and private risk sharing and to diversify funding for European businesses.

Coronavirus European Union

New Atlanticist

May 6, 2020

German court decision complicates ECB coronavirus efforts

By Ole Moehr

“This is time for solidarity and boldness in the European response to this unprecedented crisis. Unfortunately, the [German] Court's decision endangers the ability of the Bundesbank to participate in the ECB's program in the long run. Besides, it undermines the authority of the European Court of Justice (ECJ) and could provide a worrying precedent for states asserting their sovereignty with illiberal measures against the rule of law in Europe,” Benjamin Haddad says.

Coronavirus European Union

New Atlanticist

May 6, 2020

The next age of transformation in the multilateral trading system

By Mark Linscott

The WTO is far too important to be allowed to drift for much longer. A scenario in which the next Ministerial Conference produces a concrete set of results across all of these areas might set the WTO on a path towards its next transformation.

Coronavirus International Markets

In the News

May 6, 2020

Steve Levine in Medium about pandemic’s impact on American cities

By Atlantic Council

Coronavirus Economy & Business

In the News

May 5, 2020

Younus in Dawn News: Creative and bold policy measures are critical for the post-Covid economy, but will Imran Khan walk the talk?

By Atlantic Council

Economy & Business Fiscal and Structural Reform

New Atlanticist

May 5, 2020

Can we compare the COVID-19 and 2008 crises?

By Marc-Olivier Strauss-Kahn

There are more differences than similarities in comparing both crises, and others may still emerge as time goes. History doesn’t repeat itself; it stutters. And, of course, what will matter afterwards is to really draw the appropriate lessons to revisit our development models and better prevent and/or limit future crises.

International Financial Institutions International Markets

UkraineAlert

May 4, 2020

A serious but flawed look at peace in the Donbas

By John E. Herbst

The conflict in the Donbas cannot be solved by Ukraine and Russia alone, but the West must not unconditionally accept a "Russian consensus" to achieve it.

Conflict Economic Sanctions

New Atlanticist

May 4, 2020

Critical ruling for European Central Bank to turn spotlight back to policymakers

By Bart Oosterveld

So far, the ECB has committed to asset purchases roughly in accordance with each member state’s contribution to the European economy. This has led to market speculation that suggests the German court will add that as a restriction on the Bundesbank’s participation, though there is no precedent for such a restriction in prior rulings.

Coronavirus European Union

New Atlanticist

May 4, 2020

COVID-19 pandemic puts Central Asia’s resilience to the test

By Ariel Cohen

The repercussions of the global economic downturn will likely be amplified in Central Asia, where healthcare resources are limited, supply chains are vulnerable, and government revenues are dependent on commodity prices.

Central Asia Coronavirus

New Atlanticist

May 4, 2020

Fiscal responses to the coronavirus pandemic: Next steps

By Hung Tran

Overall, the differences in magnitudes and compositions of fiscal programs by countries around the world imply uneven and staggered recoveries, making them more protracted. In designing the next wave of fiscal packages, it is important to learn from recent experiences so as to better balance their various elements to be more effective.

Coronavirus Inclusive Growth

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