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July 20, 2021

Democratic Republic of Congo
Political Uncertainty in DRC Highlights Need for Sustained Outside Attention

Back in 2019, the international community acquiesced to undemocratic dealmaking that preempted the will of Congolese voters and brought current President Felix Tshisekedi to power. President Tshisekedi, who has been extremely clear about his intention to seek a second term, has been more ambiguous about whether elections slated for December 2023 will occur on time.

Current President of the Democratic Republic of Congo Felix Tshisekedi and his predecessor Joseph Kabila sit on plush orange seats while wearing suits in apparent conversation.

December 12, 2023

Indo-Pacific
How Washington’s Budget Fights Are Affecting Three Critical Pacific Island States

Washington is in the process of concluding new agreements with the three Freely Associated States (FAS): the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of …

Pacific Island leaders and U.S. President Joe Biden stand outside the White House on a red carpet with national flags behind them.

August 26, 2005

United States
Dollar crashes, interest rates fall?

Alan Greenspan's legacy may hinge on whether that headline is written, or whether the headline reads: "Dollar crashes, interest rates surge." From Reuters:Although a dollar crash is unlikely anytime …

September 16, 2020

Currency Reserves
Asian Intervention in the Foreign Exchange Market is Back. Bigly.

Joe Gagnon and Fred Bergsten have called the years from 2003 to 2013 the decade of manipulation, as a host of Asian countries protected their competitive position of their exporters by intervening ma…

Asian Intervention in the Foreign Exchange Market is Back. Bigly.

August 29, 2016

Monetary Policy
Is The Dirty Little Secret of FX Intervention That It Works?

Foreign exchange intervention has long been one of those things that works better in practice than in theory.* Emerging markets worried about currency appreciation certainly seem to believe it wor…

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