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April 13, 2018

Thailand
Previewing the U.S. Treasury’s April Foreign Exchange Report

The U.S. Treasury Department’s next foreign exchange report is due on April 15—so it should come out soon, maybe even tonight. Normally the section on China attracts all the attention. But righ…

Previewing the U.S. Treasury’s April Foreign Exchange Report

December 8, 2016

China
The November Fall in China’s Reserves and Rise in China’s Real Exports

China’s reserves fell by $69 billion in November. With the notable exception of Sid Verma and Luke Kawa at Bloomberg, Headlines generally have emphasized the size of the fall The Financial Time…

May 12, 2017

Trade
U.S. Trade Deficit Stable in Q1

The U.S. trade deficit did not change much in the first quarter. The real (price adjusted) goods deficit that is. Oil prices were a bit higher in q1 than q4 (they are now back below their q4 levels, …

U.S. Trade Deficit Stable in Q1

May 20, 2020

Global Governance
OECD Digital Tax Negotiations Thread the Sovereignty Needle

The OECD Inclusive Framework on Base Erosion and Profit Shifting shows how to balance the demands of national sovereignty with the realities of contemporary globalization.

European Commission President Ursula von der Leyen speaks from a podium in Brussels, Belgium.

April 16, 2015

Cuba
Cuba and Terrorism

President Obama has moved to take Cuba off the "terrorism list."  The administrations defends its move in a lengthy memorandum from the State Department to Congress, but the more they explain it the …