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November 24, 2023

United States
Campaign Roundup: Election 2024 Will Decide Who Controls Congress

Every Friday, I look at what the presidential contenders are saying about foreign policy. This week: The 2024 election will decide whether the next president will face a friendly or a hostile Congres…

Capitol Building Blog Photo II

November 21, 2023

China
China's Current Account Surplus Is Likely Much Bigger Than Reported

The IMF needs to focus on China’s external account in its surveillance. The reported current account surplus appears to be significantly too low.

China's Current Account Surplus Is Likely Much Bigger Than Reported

November 10, 2023

United States
Campaign Roundup: Republican Presidential Candidates Debate in Miami

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: What the Republican candidates said at the third GOP presidential debate.

Blog Post Image II

November 6, 2023

International Finance
The World Needs a Second Channel for Using SDRs

The multilateral development banks need to develop a second channel for mobilizing the world’s under-utilized special drawing rights (SDRs).

The 2023 Annual Meetings of the World Bank Group and IMF in Marrakech

November 3, 2023

United States
Campaign Roundup: Election Day Is One Year Away

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: Three things to know about the 2024 campaign.

DemRep

November 1, 2023

Economics
The State of Sovereign Debt Restructuring After the Meetings in Marrakech

Some fundamental problems with the IMF’s Common Framework for debt restructuring have become apparent. Not the least, debt restructuring shouldn't just be an issue for low-income countries.

The State of Sovereign Debt Restructuring After the Meetings in Marrakech

October 16, 2023

United States
The High Geopolitical Costs of U.S. Economic Policies

Biden’s economic plans risk alienating the Global South when the United States needs them most.

Biden

October 12, 2023

Kenya
1100 Kenyans Will Not Save Haiti

The UN-authorized Kenyan peace mission to Haiti is a welcome gesture, but it falls drastically short of the help the country urgently needs to establish a modern state.

A convoy of cars from the Haitian National Police (PNH) are pictured being led by two men on motorcycles.

October 8, 2023

China
Can China Reduce Its Internal Balances Without Renewed External Imbalances?

The rest of the world has a big stake in whether China responds to the demand drag from its construction and real estate slump with looser monetary policy or with direct stimulus to households.

Can China Reduce Its Internal Balances Without Renewed External Imbalances?

October 3, 2023

China
China Isn't Shifting Away From the Dollar or Dollar Bonds

China's reserves has shifted its dollar reserves from Treasuries to Agencies, and made increased use of offshore custodians. The available evidence suggests that it still holds about 50 percent of it…

U.S. Portfolio vs. China's Reserves and Other Foreign Assets