The peg that shall not be named, and all the trouble that creates.

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

A quick note on the debate over the use of Russia’s frozen reserves.

A deep dive into the techniques China used to hide its foreign exchange reserves over the last twenty years 

My new paper for the Geoeconomics and Geofinance Initiative of the Institute Français des Relations Internationals’ (IFRI) explores the history of the Sino-American financial relationship.

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Foreign Treasury sales, including large sales from reserve managers, made the Fed's job harder, not easier, in March.