http://www.newamerica.net/programs/content/1073/pubs Articles AND Policy Papers by Program for tabbed view on main program pages en http://www.newamerica.net/publications/policy/america_s_exhausted_paradigm_macroeconomic_causes_financial_crisis_and_great_recession <!--[if gte mso 9]><xml> Normal 0 false false false MicrosoftInternetExplorer4 </xml><![endif]--><!--[if gte mso 9]><xml> </xml><![endif]--><!--[if !mso]> <style> st1\:*{behavior:url(#ieooui) } </style> <![endif]--> <!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; <p><a href="http://www.newamerica.net/publications/policy/america_s_exhausted_paradigm_macroeconomic_causes_financial_crisis_and_great_recession">read more</a></p> Economic Growth Program Global Strategic Finance Initiative Smart Globalization Initiative Next Social Contract Economic Growth Wed, 22 Jul 2009 07:00:00 -0400 Economic Growth 15804 at http://www.newamerica.net http://www.newamerica.net/publications/policy/pitfalls_manufacturing_market <p> Despite its aim, the European Trading Scheme (ETS) for carbon is widely regarded as an inefficient market. The initial design of the scheme has caused trading reactions that do not follow the pricing patterns of other, more efficient commodities. </p> <p> Within ETS, it isn’t carbon’s price volatility that makes its market seem uncharacteristic of other commodities markets; commodity markets are often characterized by volatility. Instead, it is the fact that carbon’s price drivers are not so easily pinpointed and, therefore, its volatility seems arbitrary. </p><p><a href="http://www.newamerica.net/publications/policy/pitfalls_manufacturing_market">read more</a></p> Emily Gallagher Economic Growth Program Global Strategic Finance Initiative Smart Globalization Initiative Next Social Contract Economic Growth Mon, 13 Jul 2009 22:19:00 -0400 Next Social Contract 15814 at http://www.newamerica.net http://www.newamerica.net/publications/policy/defense_uptick_rule <p> On April 9, 2009, the Securities and Exchange Commission (SEC) released five proposals for reinstating the uptick rule and initiated a 60-day public comment period. Now, nearing the end of that comment period, the opinions of senators and financial commentators on the proposed legislation must be ringing in the SEC's ears.  Jim Cramer, the host of the Mad Money TV program, spoke fervently in support of the uptick rule during his May 4th broadcast while Senator Ted Kaufman, another supporter, noted that SEC Chairwoman Mary Schapiro should &quot;do <p><a href="http://www.newamerica.net/publications/policy/defense_uptick_rule">read more</a></p> Emily Gallagher Economic Growth Program Global Strategic Finance Initiative Next Social Contract Economic Growth financial crisis gallagher hedge fund Lehman short selling Uptick volatility Fri, 15 May 2009 05:10:00 -0400 Economic Growth 17032 at http://www.newamerica.net http://www.newamerica.net/publications/articles/2009/reserved_china_12954 <p>Since the global financial crisis began, one of the major surprises has been the continued resilience of the U.S. dollar - despite attacks on the "American-style capitalist model," financial sector weakness, and record U.S. government deficit spending. The dollar today represents almost two thirds of the world's official currency reserves. Its holders presumably believe that it will remain highly liquid, relatively stable in value, and supported by prudent economic policies by the U.S. Treasury and Federal Reserve.</p><p><a href="http://www.newamerica.net/publications/articles/2009/reserved_china_12954">read more</a></p> Douglas Rediker Foreign Policy Economic Growth Program Global Strategic Finance Initiative Economic Growth China Wed, 22 Apr 2009 09:08:00 -0400 Cecille Isidro 12954 at http://www.newamerica.net http://www.newamerica.net/publications/policy/bold_action_g20_summit <p> With the London Summit rapidly approaching, I urge participants to take bold steps to address the fundamental structural issues in global finance that have, in part at least, led to the current economic crisis. I recognize that there remains a debate between those who believe that the current economic environment compels a dramatic rethink of the foundations, systems and structures upon which the global economy operates, and those who believe that such sweeping reforms are both unnecessary and politically <p><a href="http://www.newamerica.net/publications/policy/bold_action_g20_summit">read more</a></p> Douglas Rediker Chatham House American Strategy Program Economic Growth Program Global Strategic Finance Initiative Economic Growth Foreign Policy Tue, 31 Mar 2009 04:11:00 -0400 Economic Growth 12247 at http://www.newamerica.net