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May 24, 2018

Turkey
Turkey Could Use a Few More Reserves, and a Somewhat Less Creative Banking System Turkey Could Use a Few More Reserves, and a Somewhat Less Creative Banking System

Turkey’s currency initially rallied after the central bank raised interest rates yesterday. Perhaps a bit more orthodoxy is all it will take to restore a modicum of stability to Turkey’s markets. The…

May 24, 2018

World Health Organization (WHO)
WHO Director-General Tedros Adhanom Ghebreyesus attends a news conference at the United Nations in Geneva, Switzerland on May 18, 2018. A Scorecard for Dr. Tedros as the WHO’s Director-General

Tedros’s first year as Director-General of the WHO demonstrated his vision, leadership, and ability to seize an opportunity for action. However, concerns remain regarding his willingness to balance p…

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 21, 2018

United States
Meeting the Challenge of Slow-Motion Crises

The United States faces three slow-motion crises—the future of work, climate change, and the federal debt—that we risk not tackling until it is too late.

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 9, 2018

Iran
U.S. withdrawal from the Iran nuclear agreement Trump Pulled Out of the Iran Deal. What Now?

In any future talks on the nuclear program, the United States can’t exclude Iran’s regional behavior from consideration.

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.

April 27, 2018

Syria
Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani meets with U.S. President Donald Trump in Riyadh, Saudi Arabia, May 21, 2017. REUTERS/Jonathan Ernst Lost in the Middle East

The incoherence of Washington's Syria policy is a symptom of its failure to define a new role in the world.

April 23, 2018

Saudi Arabia
The masthead of U.S. President Donald Trump's @realDonaldTrump Twitter account with a message about OPEC policy is seen on April 20, 2018. Oil Prices and the U.S. Economy: Reading the Tea Leaves of the Trump Tweet on OPEC

During his visit to the United States, Saudi Crown Prince Mohammed bin Salman inopportunely noted in an interview with Reuters news service that Saudi Arabia was “working on moving from a model agree…