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February 1, 2024

United States
Transatlantic Divergence of Economic Outlooks – Implications for Central Bank Policies

Germans and Americans are pessimistic about their economies. While the European Central Bank and Federal Reserve remain committed to fighting inflation, the ECB faces a much tougher task.

Jay Powell

June 11, 2024

Russia
Estimating Future Interest Income From Russia’s Frozen Reserves

Outright seizure of the Russian Central Bank’s hundreds of billions in frozen assets is currently off the table, but it is still possible to obtain large sums for Ukraine from the interest income on …

Estimating Future Interest Income From Russia’s Frozen Reserves

April 26, 2024

European Union
Women This Week: European Parliament Combating Violence Against Women

Welcome to “Women Around the World: This Week,” a series that highlights noteworthy news related to women and U.S. foreign policy. This week’s post covers April 20 to April 26.

A woman holds a placard as people gather to demonstrate during the Reclaim the Night march to stop gender based violence, in Manchester, Britain, November 29, 2023.

January 22, 2024

Economics
An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

September 11, 2019

International Economic Policy
Are Asian Insurers the New European Banks?

It is hard to understand the global flow of funds without understanding the risks now being taken by Japanese, Taiwanese, and Korean life insurers.

Are Asian Insurers the New European Banks?

November 20, 2014

Europe and Eurasia
Bank Valuations Tank as ECB Flubs Its Stress Test

Low market valuations (i.e., price to book ratios) for euro area banks reflect market concerns over their capital cushions, opined the Bank of England just prior to last-year’s launch of the ECB s…

Bank Valuations Tank as ECB Flubs Its Stress Test

June 7, 2024

Election 2024
Election 2024: Joe Biden Makes the Case for Allies and Alliances

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: President Joe Biden spoke with Time magazine about the importance of alliances to U.S. security.

U.S. President Joe Biden visits the Pointe du Hoc Ranger Monument