415 Results for:

May 8, 2020

China
China, a Major World Bank Borrower and Competitor, Must Stop Sheltering BRI Debt from G20 Standstill

As we explained in Foreign Affairs on April 27, China is trying quietly to exempt its massive Belt and Road Initiative (BRI) infrastructure loans to poor countries from its agreement to participa…

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March 26, 2020

United States
Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults

  Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use “its full range of authorities to provide powerful sup…

Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults

February 7, 2020

Asia
CFR Mini Mac Index Suggests ‘Currency Manipulation’ Charges Trumped Up

The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally?

December 2, 2019

China
As Trade War Drags On, China Revs Up Its Bad-Debt Machine

U.S. tariffs cost China about $35 billion in export receipts for the first half of this year, and—even if so-called Phase One talks succeed—are set to continue sapping revenues well into 2020. Me…

As Trade War Drags On, China Revs Up Its Bad-Debt Machine

November 5, 2019

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

October 29, 2019

China
China’s “Massive” Trade Offer Leaves U.S. Farmers $7 Billion Worse Off

President Trump has been talking up the “massive” trade deal he expects to sign with President Xi in November. China, he said, will soon be “buying much more farm products than anybody thought po…

China’s “Massive” Trade Offer Leaves U.S. Farmers $7 Billion Worse Off

November 1, 2019

International Organizations
The IMF: The World’s Controversial Financial Firefighter

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

IMF Governors' meeting

March 11, 2019

United States
Benn Steil, Scholar of the Marshall Plan, Wins American History Book Prize

By Jennifer Schuessler New York Times [https://www.nytimes.com/2019/03/11/books/scholar-of-the-marshall-plan-wins-american-history-book-prize.html] March 11, 2019 Benn Steil, the author of “…

Benn Steil, Scholar of the Marshall Plan, Wins American History Book Prize

October 10, 2019

Economics
Housing Market Points to Recession By Election Day

Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income—as can be seen in the main graphi…

Housing Market Points to Recession By Election Day

October 3, 2019

Eurozone
The Role of the European Central Bank

As Europe has weathered a succession of economic crises, the European Central Bank has responded with an aggressive set of monetary policies that have redefined the bank’s original mandate.

Workers repair the euro sign in front of ECB headquarters