July 8, 2020
ChinaOn current trends, goods exports to China will struggle to reach their 2017 level—there won't be any big gains from the Phase One deal.
October 7, 2020
EconomicsCurrency manipulation is one way countries can shift patterns of trade in their favor. By buying foreign currency in the market, a country can artificially change the price of its imports and its exp…
February 18, 2021
Currency ReservesThe dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to …
June 17, 2019
International Economic PolicyI have a new Policy Innovation Memo that recommends three changes to U.S. currency policy, and specifically, three changes to the U.S. Treasury’s Foreign Exchange report: 1. The Foreign Currency r…