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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April 13, 2018
Thailand
Previewing the U.S. Treasury’s April Foreign Exchange Report
The U.S. Treasury Department’s next foreign exchange report is due on April 15—so it should come out soon, maybe even tonight. Normally the section on China attracts all the attention. But righ…
November 1, 2013
The World Next Week: Iran Talks Resume in Geneva, Senate Armed Services Committee Hears About Sequestration, and the World Chess Championship Begins
The World Next Week podcast is up. Bob McMahon and I discussed next week’s nuclear talks in Geneva, the Senate Armed Services Committee’s hearing on the effects of sequestration, and the World Chess …
August 30, 2016
China
The 2016 Yuan Depreciation
The Bank for International Settlements’ (BIS) broad effective index is the gold standard for assessing exchange rates. And the BIS shows—building on a point that George Magnus has made—that China’s c…
September 6, 2016
China
Imbalances Are Back, In Asia and Globally
The Economist, inspired in part by a recent paper by Caballero, Farhi and Gourinchas, highlighted two key points in its free exchange column criticizing Germany’s surplus: a) Global imbalances have …
August 23, 2006
United States
George Magnus makes an important point. If the oil surplus is rising and Asia’s surplus isn’t falling …
If the oil exporters current account surplus is rising, and oil-importing Asia’s surplus isn’t falling (thanks to China and Japan), then either the US or the European deficit has to be growing. Glo…
