International Finance

Op-Ed

Keynesians are complacent about the dollar

Authors: Benn Steil and Manuel Hinds
Financial Times

Benn Steil's op-ed in the May 24th edition of the Financial Times, co-authored with Manuel Hinds, examines what it would mean for the United States to be obliged to function, like most of the world, without an internationally accepted money. They show why the U.S. not being able to pay its foreign debts in conjured currency would, contrary to Paul Krugman's view, be a big deal.

See more in International Finance; Monetary Policy; Global

Video

Japan's Great Earthquake: Societal Resilience and Determination to Reconstruct

Speaker: Masaaki Shirakawa
Presider: William J. McDonough

Masaaki Shirakawa, governor of the Bank of Japan, discusses the effects the March earthquake, tsunami, and events surrounding the Fukushima Daiichi nuclear power plant had on the Japanese economy, as well as the resilience and adaptability of the Japanese people.

This meeting was part of the C. Peter McColough Series on International Economics.

See more in Japan; International Finance

Audio

Japan’s Great Earthquake: Societal Resilience and Determination to Reconstruct (Audio)

Speaker: Masaaki Shirakawa
Presider: William J. McDonough

Masaaki Shirakawa, governor of the Bank of Japan, discusses the effects the March earthquake, tsunami, and events surrounding the Fukushima Daiichi nuclear power plant had on the Japanese economy, as well as the resilience and adaptability of the Japanese people.

This meeting was part of the C. Peter McColough Series on International Economics.

See more in Japan; International Finance

Other Report

Doubts About Capital Controls

Author: Francis E. Warnock

China's policy of holding down the value of its currency and monetary easing in the United States have led to large capital inflows into emerging economies. Although consensus in emerging markets has formed around capital controls, Francis E. Warnock challenges their underlying assumptions.

See more in International Finance; Monetary Policy; Global

Video

World Economic Update

Speakers: Peter R. Fisher, Desmond Lachman, and Peter R. Orszag
Presider: Sebastian Mallaby

Experts discuss U.S. federal spending levels, political battles over the budget in Congress, and the impact of events in the Middle East and Japan on the world economy.

This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.

See more in International Finance; Global

Video

How Should the United States Address Its Chinese Trade Imbalance?

Speakers: Eswar Prasad, Peter Schiff, and Shang-Jin Wei
Presider: Joyce Chang

Experts outline variables such as nominal exchange rates, foreign exchange interventions, and macroeconomic imbalances as contributing factors affecting the trade relations between China and the United States.

This event was part of the McKinsey Executive Roundtable series in International Economics

See more in China; United States; International Finance; Trade

Audio

How Should the United States Address Its Chinese Trade Imbalance? (Audio)

Speakers: Eswar Prasad, Peter Schiff, and Shang-Jin Wei
Presider: Joyce Chang

Experts outline variables such as nominal exchange rates, foreign exchange interventions, and macroeconomic imbalances as contributing factors affecting the trade relations between China and the United States.

This event was part of the McKinsey Executive Roundtable series in International Economics

See more in China; United States; International Finance; Trade

Audio

A Conversation with Lael Brainard (Audio)

Speaker: Lael Brainard
Presider: Faryar Shirzad

Lael Brainard, undersecretary for international affairs at the U.S. Department of Treasury, outlines the discussion between President Obama and President Hu Jintao, as well as the effect of the financial regulatory reform on the international agenda at the treasury for the upcoming year.

This meeting was part of the C. Peter McColough Series on International Economics.

See more in International Finance; Economic Development