Barry Eichengreen is professor of economics and political science at the University of California, Berkeley. His most recent book is Exorbitant Privilege: The Rise and Fall of the Dollar.
ROME – Increasingly, one hears predictions that the euro will go the way of the gold standard in the 1930s. And, increasingly, the reasoning behind such forecasts seems persuasive. But does that mean that the euro doomsayers are right?
BERKELEY – There is no shortage of talk nowadays about Europe’s deficits and the need to correct them. Critics point to governments’ gaping budget deficits. They cite the southern European countries’ chronic external deficits. They highlight the eurozone’s...
CAPE TOWN – At last, European leaders have revealed their top-secret plan for solving the euro’s crisis. And it is – drum roll – a version of the 'Tobin tax', a levy on financial transactions first suggested in 1972 by the Nobel laureate economist James Tobin....
BERKELEY – The euro crisis shows no signs of letting up. While 2011 was supposed to be the year when European leaders finally got a grip on events, the Eurozone’s problems went from bad to worse.
By Barry Eichengreen, Professor of Economics and Political Science at the University of California, Berkeley. His most recent book is Exorbitant Privilege: The Rise and Fall of the Dollar.