1,863 Results for:

April 25, 2018

Ireland
Irish Flag and Apple Logo Tax Avoidance and the Irish Balance of Payments

At this point, profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.

May 26, 2015

Asia
Japan and South Korea Should Bridge Their Differences, Snyder and Glosserman Write in New Book

Japan and South Korea are Western-style democracies with open-market economies committed to the rule of law. They are also U.S. allies. Yet despite their common interests, shared values, and geograph…

June 2, 2017

South Korea
Prospects for Japan-South Korea Cooperation Under Moon Jae-in Prospects for Japan-South Korea Cooperation Under Moon Jae-in

Scott Snyder (ssnyder@cfr.org), senior fellow for Korea studies at the Council on Foreign Relations, and Brad Glosserman (brad@pacforum.org), executive director of the Pacific Forum CSIS, are coautho…

May 21, 2018

Argentina
Argentina: Sustainable, Yes, with Adjustment.  But Sustainable with A High Probability? Argentina: Sustainable, Yes, with Adjustment. But Sustainable with A High Probability?

Probably only connoisseurs of IMF Access Policy debates understand the importance of being judged “sustainable with a high probability” by 19th Street. That’s what unlocks the keys to the kingdom,…

May 18, 2018

International Economic Policy
A Bad Deal on Currency (with Korea) A Bad Deal on Currency (with Korea)

Korea has indicated that it will, very gradually, start to disclose a bit more about its direct activities in the foreign exchange market. The Korean announcement presumably was meant to front-run it…

May 16, 2018

Argentina
How Many Reserves Does a Country Like Argentina Need? How Many Reserves Does a Country Like Argentina Need?

The IMF’s reserve metric tends to overstate the reserve needs of current account surplus countries with little external debt, and understates the reserve needs of current account deficit countries wi…

May 11, 2018

Eurozone
Ireland Exports its Leprechaun Ireland Exports its Leprechaun

Irish tax distortions have a material impact on aggregate eurozone economic data.

May 8, 2018

China
Disaggregating the Fall in China's Current Account Surplus Since 2007 Disaggregating the Fall in China's Current Account Surplus Since 2007

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

May 3, 2018

China
The Rising Bilateral Deficit with China and the Negotiations Over China 2025 The Rising Bilateral Deficit with China and the Negotiations Over China 2025

A short review of the March U.S. trade data and a lot of speculation about the arc of the Sino-American economic relationship in light of the non-negotiability of Made in China 2025.