Financial Crisis

The new government in Pakistan has taken office amid political turmoil, polarization, and allegations of fraudulent elections. In his second tenure as Prime Minister, Shehbaz Sharif confronts dire challenges, including...

Stability in the Middle East is vital to American interests. The region remains a crucial source of energy and is located at the crossroads of world commerce. It also acts...

This week, there has been some good and some bad news about our economy. The good news is that the economy continues to create jobs at a highly satisfactory pace...

Rudi Dornbusch, the late MIT economist, said of the Mexican central bank that he could understand it making mistakes. After all, its board was composed of humans. However, what he...

In recent weeks, Lebanese citizens have held growing demonstrations against a proposed law that would institute further capital controls in the country, placing new restrictions on Lebanese citizens’ ability to...

Ajmal Ahmady, the former director of Afghanistan’s central bank, Da Afghanistan Bank, warned that the country would enter a period of prolonged financial decline if the Taliban failed to institute...

During the 1990s, as the Taliban implemented their strict vision of Islamic law across Afghanistan—including banning certain jobs, forbidding women from working, and generally neglecting their duties as government officials—the...

This is the sort of economic forecast, hardly uncommon these days, that seems to support the notion that this new decade might be another Roaring Twenties following a terrible global pandemic: We...

The Turkish economy is “a train wreck in slow motion,” in the words of one former central banker. The Turkish lira, which lost 20 percent of its value against the...

Is America headed toward a “lost decade”? That’s how some in the news media have interpreted a feeble new forecast from the Congressional Budget Office. That projection suggests it will...

The U.S. suicide rate has been increasing for decades. In 1999, the rate was about 10 suicides per 100,000 people. In 2017, the most recent year for which complete statistics are available,...

As the coronavirus produces gaping holes in the balance sheets of companies throughout the economy, President Trump has given numerous indications that he considers the cruise industry a prime candidate for a federal bailout. With many of...