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June 22, 2005

Capital Flows
The joys of being a creditor nation

China is on track to add between $250 and $300 billion to its reserves this year. That is a lot of money. Enough to have an impact on global bond markets. Enough to buy several oil companies. As…

January 9, 2007

United States
Nice work if you can get it — the joys of exorbitant privilege

I spent a bit of time trying to estimate how market moves in 2006 will impact the US net international investment position (the NIIP is the gap between all US external assets and all US external liab…

niip_decomposition

February 22, 2024

Economics
The IMF Needs to Focus on Setting Good Targets for External Debt Sustainability

The IMF has two frameworks for assessing debt sustainability. The market access country framework is more technically advanced, but it isn't delivering reasonable targets for debt restructuring cases…

10-Year Bonds: Key Cases

October 8, 2016

Middle East and North Africa
Reading The Jerusalem Post in Riyadh

It is easy to exaggerate the opening that is occurring between Israel and several Gulf states, but it’s easy to underestimate it too.  The most recent change: Saudi Arabia has stopped blocking access…

March 16, 2017

Nigeria
President Buhari Returns to Office

Nigerian President Muhammadu Buhari returned to Nigeria from medical leave in the United Kingdom on March 10. In his absence, Vice President Yemi Osinbajo served as the acting president for the fifty…

Buhari Returns