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July 20, 2011

Nonproliferation, Arms Control, and Disarmament
The Proliferation Security Initiative

Overview The ongoing nuclear crises in Iran and the Democratic People's Republic of Korea and the threat of terrorist groups using weapons of mass destruction demonstrate the nuclear nonproliferat…

July 13, 2011

Nonproliferation, Arms Control, and Disarmament
A Nuclear Security Fund

Nuclear terrorism could cause widespread death and destruction and potentially devastate the global economy. However, not all nations are convinced that acting to prevent nuclear terrorism should be …

April 15, 2011

Nonproliferation, Arms Control, and Disarmament
Global Nuclear Security: Progress and Pitfalls

A summit hosted by the Obama administration one year ago has spurred momentum on global nuclear security measures. But the United States must lead efforts to redouble commitments on preventing the pr…

October 27, 2010

Iran
Iran’s Nuclear Program beyond Bushehr

Iran’s fueling of the Bushehr reactor is a reminder of ongoing concerns about the country’s nuclear intentions. Negotiations with Iran on a broad set of issues, though unlikely, might be the best pat…

June 21, 2017

Europe
Where Does Italy’s Bank Recapitalization Stand?

Italy is making real progress now. But completing the recapitalization of Monte and the restructuring of the two Veneto banks may not be quite enough.

May 31, 2017

China
Downgraded China Doth Protest Too Much

Moody’s recently downgraded China’s credit rating from Aa3 to A1, on expectations that the country’s debt stock—already over 250 percent of GDP—will rise further with slowing potential growth. Chines…

China pays more than other similarly-ranked countries on its government debt

April 27, 2017

China
PBoC Spins China’s Bad-Loan Data

In a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level of non-performing loans (NPLs) in the Chinese banking se…

China's NPLs have risen

April 6, 2017

China
RMB Globalization, Once "Unstoppable," Heads Into Reverse

    “The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014.  A year later, a research-grant foundation asked me (Benn) to review …

RMB Globalization, Once "Unstoppable," Heads Into Reverse

March 1, 2017

European Union
Trump’s NATO Spending Demands Will Spur an EU Deficit Battle

    President Trump and Defense Secretary Mattis are putting unprecedented pressure on European NATO members to boost military spending, threatening to reduce America’s support for the alli…

Trump’s NATO Spending Demands Will Spur an EU Deficit Battle

February 7, 2017

Monetary Policy
Why Does the Fed Keep Lowering Its Unemployment Threshold?

    For years, Fed watchers have been getting antsy as unemployment falls toward NAIRU—the Fed’s estimate of the bound below which inflation rises.  But as shown in the graphic above, each …

Why Does the Fed Keep Lowering Its Unemployment Threshold?