May 1, 2018Taiwan
The strange case of Taiwan and its life insurance industry.
April 19, 2018Puerto Rico
The power is off in Puerto Rico, again. It may not be restored for a day or two. Puerto Rico obviously has yet to fully recover from Maria’s devastation. Tax revenues this fiscal year are off by o…
March 20, 2018South Korea
The Trump Administration should be giving Korea a hard time for its return to foreign exchange market intervention in January 2018.
February 16, 2018Asia
By the middle of 2017, following Emmanuel Macron’s dominant victory in France’s elections, the relative underperformance of populist parties in elections in the Netherlands, and the backlash in the U…
January 3, 2018China
The ECB has almost certainly had a bigger impact on U.S. rates over the last three years than the PBOC, without buying (or selling) any Treasuries.
May 24, 2018Turkey
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 21, 2018Argentina
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,…