6,682 Results for:

April 19, 2018

Puerto Rico
The Oversight Board’s Latest Fiscal Plan for Puerto Rico is Still Too Optimistic The Oversight Board’s Latest Fiscal Plan for Puerto Rico is Still Too Optimistic

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 4, 2018

U.S. Foreign Policy
Yuri Gripas/Reuters Dear Mr. President, Reboot Before It’s Too Late

The Trump administration must address its problems of process and personnel if it is to contend with a world in disarray.

March 20, 2018

South Korea
I Gave Korea Too Much Credit For Letting the Won Appreciate in December I Gave Korea Too Much Credit For Letting the Won Appreciate in December

The Trump Administration should be giving Korea a hard time for its return to foreign exchange market intervention in January 2018.

February 16, 2018

Asia
Berlusconi_1.11.2018 Populism May Have a Banner Year in 2018—and 2019 Too

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, 2018

China
China’s Impact on the U.S. Bond Market Gets Too Much Attention.   And Europe's Too Little China’s Impact on the U.S. Bond Market Gets Too Much Attention. And Europe's Too Little

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 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 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

North Korea
On North Korea, Iran, and Trump

The cancellation of the US/North Korea meeting begins, in my view, with the JCPOA. Logic suggests that what Kim really wanted from the new administration was a JCPOA of his own. That is, he wanted…

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,…