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April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

Asia's Central Banks and Sovereign Funds Are Back

September 22, 2023

Corruption
Claudia Escobar Mejía: Marshall-Plan Like Effort Needed to Eliminate Corruption in Central America

Without new measures to build democratic institutions, entrenched corruption, migration, and violence will only get worse.  

A woman takes part in an anticorruption protest in Guatemala City, Guatemala, September 14, 2017.

June 27, 2023

Israel
The Biden Administration Ends Support for Research in the West Bank

The Biden administration decision to bar U.S. support for Israeli research institutions in the West Bank achieves nothing for Palestinians or for U.S. policy goals.

December 3, 2015

Europe
European Central Bank Rate Move, a Turning Point for Europe

At the governing council’s meeting today, the European Central Bank (ECB) announced that it will cut benchmark deposit rate to -0.3 percent, extend its quantitative easing (QE) program to at least Ma…

Central bank rates in Europe

June 26, 2023

Israel
The Netanyahu Invitation and West Bank Settlement Expansion

By refusing to invite Israeli Prime Minister Benjamin Netanyahu to visit the White House, the Biden administration is foolishly strengthening the very forces it most often criticizes in the Israeli g…

October 31, 2014

Europe
Three Central Banks

Today’s central bank news tells us a lot about the risks and rewards of proactive central banking. The Bank of Japan (BoJ) surprised me (and nearly everyone else ) with a dramatic expansion of its u…