Finance

Feature

The Perils of Loose Living

For decades, Americans have looked to monetary policy as an engine of economic growth -- and suffered the dire consequences.

Heleen Mees |

Feature

Cashing Out

America's status as the world's banker has shielded it from harsh economic realities for more than half a century. Not anymore.

Fan Gang |

In Box

Money Market

How the West was won -- in the Middle Ages

Joshua E. Keating |

Slide Show

From Berlin to Athens

As Greece's debt crisis continues to spiral downward, the leaders of Germany and Greece grapple with restive publics and the massive task of restoring the eurozone.

Kedar Pavgi |

Argument

Doha Is Dead

But do we really need multilateral institutions anymore to kick-start international trade?

Lawrence Herman |

The Optimist

Pennies from Heaven

Is God to blame for the global market meltdown?

Charles Kenny |

Deep Dive

The Icarus Zone

Never before has a monetary union been so full of anticipation and hype. Should we have known that the euro would buckle?

David Marsh |

Deep Dive

An Exorbitant Burden

Why keeping the dollar as the world's reserve currency is a massive drag on the struggling U.S. economy.

Michael Pettis |

Deep Dive

The New Triumvirate

Sayonara yen. By 2025, the renminbi, dollar, and euro will control the international currency system.

Mansoor Dailami |

Deep Dive

The Buck Stays Here

Why the dollar isn't going anywhere anytime soon.

Daniel W. Drezner |

Deep Dive

Dreaming of SDRs

Why the IMF's long dreamed-of Special Drawing Rights will always be the currency of the future.

David Bosco |

Deep Dive

The Multilateral Vacuum

If Washington can't get the Chinese to revalue their currency, can international institutions be of any help?

Phil Levy |

Photo Essay

The Road To Prosperity

The world needs infrastructure -- and if the West doesn't take advantage of that need, China definitely will.

Derek Thurber |

Briefing Book

Bridges to Somewhere

More austerity won't save the global economy. Building infrastructure just might.

Justin Yifu Lin |

Argument

Crisis Convergence

Why the global economic crash, the rise of the Tea Party, the Arab Spring, and China’s coming fall are all connected.

George Magnus |

Argument

Come Together

Leaders struggling to fix a world spiraling out of control are turning to international institutions. Are they up to the task?

David Bosco |

Feature

Life After Debt

In this month's market upheavals in the United States and Europe, we are witnessing the end of a seven-decade economic experiment. But does anyone have any clue what comes next?

James Macdonald |

Argument

Europe's Conservative Confusion

Nearly every government on the continent is center-right. So why can't they get along and figure out how to save the EU economies?

Tyson Barker |

Slide Show

All the World's Traders and All the World's Yen…

Traders react to the plummeting market on trading-room floors around the world.

Slide Show |

Argument

Betting Against the (U.S.) House

If you can't stop Congress from ruining America's credit, can you at least make money off of it?

Charles Homans |

The List

Dark Rumblings

Could sub-Saharan Africa have its own Arab Spring?

Ty McCormick |

Feature

Super Bad

With the debt ceiling impasse and legislative gridlock sucking all the air out of Washington, Foreign Policy asked the experts: Is this really the worst Congress ever?

Kelsey Suemnicht |

The List

The Arab Recession

They may be cheering for democracy, but for most countries affected by the Arab Spring the economic news will have them crying.

Ty McCormick |

Slide Show

Europe's Economic Meltdown: How Did We Get Here?

A look back at the missteps and bailouts, in pictures.

Cameron Abadi |

Feature

A Continent, Sinking

Europe's financial crisis is a Titanic moment, threatening to bring down not only the EU's major economies, but its political raison d'être. Is it too late to save the ship?

Steven Erlanger |

The Optimist

The Price Is Right

How the world can buy its way out of poverty for just $100 billion.

Charles Kenny |

The Optimist

Paperwork Tigers

The developing world can do fine without more regulation, thank you very much. In fact, it can do better.

Charles Kenny |

Argument

A Bond for the Homeland

Migrants send billions of dollars home each year; they also save a lot, too. Instead of stuffing cash under the mattress, the developing world's diaspora could do a lot more good if they invested in their homeland. 

Ngozi Okonjo-Iweala |

The List

Who’s in the Running to Run the IMF?

A look at the race to replace Dominique Strauss-Kahn.

Joshua E. Keating |

The Optimist

Don't Mess With Taxes

Sorry, Tea Partiers -- taxation isn't the source of America's ills, and your income has more to do with dumb luck than hard work.

Charles Kenny |