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February 28, 2018

China
China Is Likely to Enter Another Long Period of Severe Dictatorship

Term limits for the leadership are not usually found in dictatorships. The Chinese Communist Party’s proposed abolition of China’s presidential term limit means that it has forgotten one of the main …

Chinese President Xi Jinping speaks as China's new Politburo Standing Committee members meet with the press at the Great Hall of the People in Beijing, China October 25, 2017.

June 21, 2018

China
What Would Happen if China Started Selling Off Its Treasury Portfolio?

Just how important have foreign inflows been to the Treasury market?  

What Would Happen if China Started Selling Off Its Treasury Portfolio?

May 7, 2018

Emerging Markets
Should We Fear a Tighten Tantrum?

Back in May 2013, then-Fed Chair Ben Bernanke roiled emerging markets (EM) with the mere suggestion that the Fed might soon pare back its monthly asset purchases under so-called quantitative easi…

Should We Fear a Tighten Tantrum?

March 14, 2018

China
The Chinese Communist Party

The Chinese Communist Party faces a host of pressing domestic and international policy issues as it transitions to a new generation of leaders.

Xi Jinping stands before delegates at the closing session of the nineteenth National Congress of the Communist Party of China.

February 2, 2018

Monetary Policy
The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

Federal Reserve

November 17, 2017

Economics
Will Powell Be an Accidental Hawk?

Fed Chair nominee Jerome (Jay) Powell was a logical choice for Fed chair. A business-friendly Republican, he is likely to push forward President Trump’s deregulation agenda in the financial sector wh…

Fed's Projected Balance-Sheet Evolution & Projected Policy-Rate Increases

June 15, 2015

China
China's Future–and Our Own

In his testimony before the House Foreign Affairs Subcommittee on Asia and the Pacific, Jerome A. Cohen argues that China would benefit at home and abroad by demonstrating increasing respect rule of …

June 8, 2017

Thailand
Thailand’s Military Prepares for the Long Haul?

During the 1990s and early 2000s, when I was based in Thailand, Thai military officers frequently claimed to me that the armed forces, which along with the monarchy had been the central player in Tha…

thai bhat notes_5.12.2016

September 20, 2006

International Law
Human Rights and the Rule of Law in China

Prepared Testimony before the Congressional-Executive Commission on ChinaSenator Hagel and Other Distinguished Members of this Commission,All of us who focus on China’s progress, problems and prospec…

July 26, 2005

China
Law in Political Transitions: Lessons from East Asia and the Road Ahead for China

Room 419 of the Dirksen Senate Office BuildingWritten Statement of Jerome A. CohenCHINA’S LEGAL SYSTEM IN TRANSITIONSenator Hagel and other distinguished members of the Commission and staff: I am ple…