The peg that shall not be named, and all the trouble that creates.

President Biden wants to modernize the federal student loan system. The U.S. Postal Service and Affordable Care Act can show him how.

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: President Joe Biden used his State of the Union Address to urge Congress to provide military aid to…

The IMF has two frameworks for assessing debt sustainability. The market access country framework is more technically advanced, but it isn't delivering reasonable targets for debt restructuring cases…

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: The 2024 election has potentially significant implications for the North Atlantic Treaty Organizati…

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

Chinese port financing has plenty of drawbacks. But developing countries have few alternatives.