International Finance

Foreign Affairs Article

Trading Up in Asia

Author: Bernard K. Gordon

The Trans-Pacific Partnership, a massive multilateral trade agreement now in the works that focuses on the Asia-Pacific region, could add billions of dollars to the U.S. economy and solidify Washington's commitment to the Pacific. But if the Obama administration fails to calm critics of the deal, there is a growing possibility that it could collapse.

See more in Asia and Pacific; International Finance; Trade

Foreign Affairs Article

Fixing Finance

Author: Gillian Tett

As the global financial sector has swelled, the gap between the rich and the poor has grown. Three new books -- by James Galbraith, Robert Shiller, and Charles Ferguson -- come down differently on how much banks are to blame for inequality and what the government should do about it.

See more in International Finance; Financial Crises; Global

Foreign Affairs Article

The End of National Currency

Author: Benn Steil

Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.

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Analysis Brief

Waiting on the Eurozone

Author: Christopher Alessi

While Greece has failed to meet the budget requirements mandated by the EU and the IMF, experts say eurozone leaders will likely continue to bailout the country because the costs of letting it go are far greater.

See more in International Finance

Analysis Brief

Geithner's Rebalancing Bid

Author: Lee Hudson Teslik

U.S. Treasury Secretary Timothy Geithner called for a global rebalancing and sought to reassure China, the largest holder of U.S. debt, about the health of the dollar. Experts say this shift is needed but some Chinese remain skeptical about the U.S. currency.

See more in China; International Finance; United States

Analysis Brief

Currency Conundrums

Author: Lee Hudson Teslik

A surge in the U.S. dollar and Japanese yen comes as investors pull money from commodities and emerging markets. The trend, and particularly the spike in the yen, poses another problem for financial markets.

See more in International Finance; United States