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January 25, 2024

China
Fickle Friends: Sino-Israeli Ties Buckle Amid War With Hamas

China’s response to the war in Gaza has jeopardized its once fruitful relationship with Israel, a risk China is willing to take as it exploits the war to bolster its own standing and undermine the Un…

Chinese President Xi Jinping and Israeli Prime Minister Benjamin Netanyahu shake hands ahead of their talks at Diaoyutai State Guesthouse in Beijing, China March 21, 2017.

May 25, 2016

Monetary Policy
Dan Drezner Asked Three Questions

He gets three half answers. Drezner’s first question: “Just how much third-party holdings of U.S. debt does Saudi Arabia have?” Wish I knew. The custodial data doesn’t really help us out much. …

Europe Custodial Holdings

March 12, 2006

Economics
Read Dan Gross on Globalization a la carte

As usual, Gross has a lot of smart things to say about limits on cross border investment in a no-longer-quite-so-flat world -- or what he calls globalization a la carte. Limits on cross-border invest…

January 16, 2023

Japan
The Disappearing Japanese Bid for Global Bonds

The rise in Japanese holdings of foreign bonds had an enormous impact on global markets between 2011 and 2020. The markets will now have to adapt to a sustained reduction in Japanese demand.

The Disappearing Japanese Bid for Global Bonds

January 22, 2024

Economics
An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

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…

An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

November 11, 2022

United States
Was It Worth It?

Dan asks a question that everyone who has ever signed up for military service has likely asked: was it worth it? His answer is worth reading. 

Sens. Dole and Inouye