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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…

December 7, 2011

Diplomacy and International Institutions
Guest Post: Has the Kimberly Process Lost Its Sparkle?

A worker at the Botswana Diamond Valuing Company displays a rough diamond in the capital Gaborone, August 26, 2004. (Juda Ngwenya/Courtesy Reuters) My colleague, Kaysie Brown, is the interim deputy …

Guest Post: Has the Kimberly Process Lost Its Sparkle?

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

May 1, 2017

Russia
Russia and the West

Two weeks ago, the Council on Foreign Relations hosted its annual Hauser Symposium. The topic was timely: Russia and the West. The symposium kicked off with a fascinating discussion on the state o…

National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow