57 Results for:

November 1, 2019

Ireland
Ireland’s Statistical Cry for Help…

Ireland's tax authorities have made the job of Ireland's statistical authorities almost impossible.   The distortions in the Irish data are now so big that the impact the data for the entire euro are…

Ireland’s Statistical Cry for Help…

October 15, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan’s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question o…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

October 24, 2019

Japan
A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

Japanese investors have an obvious incentive to search for yield abroad. But why has foreign demand for Japanese bonds almost matched Japanese demand for foreign bonds?

A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

September 20, 2018

International Finance
Three Sudden Stops and a Surge

Reflections on the Global Financial Crisis, through the lens of the U.S. balance of payments.

Three Sudden Stops and a Surge

June 11, 2018

Cybersecurity
Not The Cyber Deterrence the United States Wants

The U.S. approach to cyber deterrence assumes that Washington will be deterring others. The Obama administration's response to Russian interference in the 2016 election tests that assumption. 

NYC Blackout

May 7, 2018

South Korea
South Korea at the Crossroads

Teaching Notes for South Korea at a Crossroads, written by CFR Senior Fellow Scott Snyder

South Korea at a Crossroads Teaching Notes

May 4, 2018

South Korea
South Korea’s Chaebol Challenge

South Korea’s megaconglomerates have helped lift the country out of poverty, but their extraordinary influence could put the health of the Korean economy at risk.

A model poses with a Samsung smartphone.

May 15, 2017

Japan
Helen Hardacre: Political Realignment Among Japan’s Religions

Shinto priests walk in a line to attend a ritual to usher in the upcoming New Year at the Meiji Shrine in Tokyo, Japan on December 31, 2016 (REUTERS/Kim Kyung-Hoon).  

Priests

April 24, 2017

Monetary Policy
The Story in TIC Data Is That There Is Still No (New) Story

The basic constellation in the post-BoJ QQE, post-ECB QE world marked by large surpluses in Asia and Europe but not the oil-exporters has continued. Inflows from abroad have come into the U.S. corpo…

The Story in TIC Data Is That There Is Still No (New) Story