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December 1, 2015

Human Rights
The Sad Case of Lori Berenson

Twenty years ago Lori Berenson, a young American, was convicted of assisting a terrorist group in Peru in a plot to assault and seize the Congress in Lima. Soon she will be coming home, her sentenced…

November 13, 2018

Puerto Rico
Could Maria’s Legacy Be a New Debt Trap for Puerto Rico?

President Trump is right to worry that disaster aid will end up bailing out the holders of Puerto Rico's bonds, but there are better solutions to that particular problem than cutting off disaster aid…

Could Maria’s Legacy Be a New Debt Trap for Puerto Rico?

November 7, 2018

China
China Should Import More

China's low of level of imports of manufactures stands out, and China 2025 would reduce imports further

China Should Import More

November 8, 2018

South Korea
A Missed Opportunity to Commemorate a Positive Moment in Korea-Japan Relations

Scott Snyder and Brad Glosserman are co-authors of The Japan-South Korea Identity Clash: East Asian Security and the United States.   Anniversaries loom large in international relations. They are …

South Korean President Kim Dae-jung speaks at a joint news conference with Japan's Prime Minister Keizo Obuchi at the Akasaka state guesthouse in Tokyo on October 8, 1998.

October 30, 2018

China
Where Will the Yuan Go Next? China's Big Choice

China could widen the trading band around its currency in response to Trump's tariffs, but that wouldn't give it full policy autonomy. It would still need to defend the new edge of any trading band.

Where Will the Yuan Go Next?  China's Big Choice

October 24, 2018

China
The Treasury Foreign Currency Report Should Not Be the China Currency Report

There are countries in Asia that could credibly be charged with "manipulating" their currencies. China currently is not one of them.

The Treasury Foreign Currency Report Should Not Be the China Currency Report

October 11, 2018

Trade
Trump's Stimulus Trumps His Trade Policy

It is hard to think of a President more committed—at least rhetorically—to closing the trade balance than President Trump. The usual criticism of his trade policy is that it is overly focused on a si…

Trump's Stimulus Trumps His Trade Policy

October 9, 2018

International Finance
Russia, China, and (the Absence of ) Global Funding of the U.S. Fiscal Deficit…

A technical post on the q2 global reserves and balance of payments data … wonky.

Russia, China, and (the Absence of ) Global Funding of the U.S. Fiscal Deficit…

September 27, 2018

Puerto Rico
Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

Puerto Rico’s government and the bulk of the holders of Puerto Rico’s Sales tax backed bonds (COFINA) appear to have reached agreement on restructuring terms (details here). The deal will reduce Puer…

Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

September 24, 2018

China
How Did China Manage its Currency Over the Summer?

China still manages its currency. That’s hardly a shocking statement, I know. But I don’t fully subscribe to the view that China’s depreciation in the summer was simply a market move, given the dolla…

How Did China Manage its Currency Over the Summer?