Tighter Western sanctions against Russia for its actions in Ukraine may be necessary but could bring unwelcome consequences, explains CFR’s John Bellinger.

Garnham and Tett’s large article last week on the risks of the carry trade – or perhaps the absence of risk, as they hint the big carry traders are now insured v. a surge in yen/ dollar volatility (a…

The Bank of Japan's recent rate hike doesn't seem to have dented the world's appetite for carry trades.  If anything, the BoJ's signal that it won't changes rates too quickly seems to have added to t…