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December 6, 2019

Election 2020
Foreign Policy Roundup: NATO and the Future of Transatlantic Relations

Each Friday, I look at what the presidential challengers are saying about foreign policy. 

Former Vice President Joe Biden speaks during a town hall meeting at Iowa State University on December 4, 2019. Shannon Stapleton/Reuters

November 15, 2019

Election 2020
Foreign Policy Roundup: The Democratic Foreign Policy Establishment Embraces Joe Biden

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Former Vice President Joe Biden speaks to a crowd after filing for the New Hampshire presidential primary on November 8.

October 17, 2019

Defense and Security
Funding the Nuclear Triad to Deter Great Power Adversaries

Captain Brian L. Sittlow is a naval officer, specializing in submarines, and a military fellow at the Council on Foreign Relations (CFR). The opinions expressed in this article are solely those of th…

Following a strategic deterrence patrol, the Ohio-class ballistic-missile submarine USS Alaska returns to its homeport at Naval Submarine Base Kings Bay, Georgia, U.S. in this April 2, 2019 handout photo.

October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

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October 11, 2019

United States
Happy 244th Birthday to the U.S. Navy!

The U.S. Navy turns 244 years-old this weekend. On October 13, 1775, the Continental Congress commissioned two ships, each with eighty sailors, “for intercepting such transports as may be laden with …

U.S. Navy

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 11, 2019

International Economic Policy
Are Asian Insurers the New European Banks?

It is hard to understand the global flow of funds without understanding the risks now being taken by Japanese, Taiwanese, and Korean life insurers.

Are Asian Insurers the New European Banks?

March 29, 2015

President Carter and Israel--Again

Jimmy Carter writes about (that is to say, against) Israel once again in The Washington Post today, in a column entitled "Rebuild Gaza." Why is Gaza not being rebuilt? Two reasons. First, Carter say…

July 17, 2019

North Korea
Can North Korea Be Deterred?

The United States’ deterrence record is spotty vis-à-vis North Korea, and a judgement of its success or failure hinges on how the behaviors or actions targeted by deterrence are defined. 

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October 9, 2013

Europe and Eurasia
Paul Krugman’s Baltic Bust—Part III

Geo-Graphics posts in July 2010 and 2012 showed that Paul Krugman’s devaluation-driven “Icelandic Miracle” was nothing of the sort – a figment of his having chosen the most favorable possible star…

Paul Krugman’s Baltic Bust—Part III