Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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May 27, 2014
India
Hello, Narendra Modi: Prime Minister of India
India did not produce Horatio Alger, but it certainly has produced a Horatio-Alger story: Narendra Modi. Yesterday the son of a poor tea seller took the oath of office as India’s fourteenth (or fifte…
August 21, 2015
Elections and Voting
Campaign 2016: John Kasich, GOP Presidential Candidate
Ohio holds the title of “Mother of Presidents.” Eight of them were born, raised, or lived in Ohio at the time of their election. But the last president to hail from Ohio was Warren G. Harding, who wa…
April 9, 2007
Monetary Policy
What have the world’s central banks been up to? The latest Treasury survey provides some clues
I suspect I am one of a very small number of people who eagerly awaits the publication of the Treasury’s annual survey for foreign portfolio investment. Wall Street doesn’t find it particularly u…
October 9, 2019
Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank
Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…
