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October 30, 2018

China
Where Will the Yuan Go Next? China's Big Choice

China could widen the trading band around its currency in response to Trump's tariffs, but that wouldn't give it full policy autonomy. It would still need to defend the new edge of any trading band.

Where Will the Yuan Go Next?  China's Big Choice

October 24, 2018

Central America
Why U.S. Aid Cuts Could Lead to More Caravans

As thousands of Central American migrants move toward the United States, President Trump should consider decade-long efforts to make the region a better place to live than to leave.

Central American migrants walk along a street, as they continue their journey trying to reach the U.S., in Tapachula, Mexico October 22, 2018.

October 24, 2018

Central America
Trump’s Cuts to Central America Aid Will Lead to More Caravans

U.S. programs can make the Northern Triangle a better place to live than to leave.

Central American migrants walk along a street, as they continue their journey trying to reach the U.S., in Tapachula, Mexico October 22, 2018.

September 24, 2018

China
How Did China Manage its Currency Over the Summer?

China still manages its currency. That’s hardly a shocking statement, I know. But I don’t fully subscribe to the view that China’s depreciation in the summer was simply a market move, given the dolla…

How Did China Manage its Currency Over the Summer?

July 10, 2018

China
My Latest Take on China's Foreign Exchange Intervention Proxies

This one is for my currency trading friends...

My Latest Take on China's Foreign Exchange Intervention Proxies

June 27, 2018

State and Local Governments
The New City Multilateralism

As the world rapidly grows more urban, city leaders are turning to a new form of voluntary, locally oriented diplomacy to coordinate with their global peers on sustainable development, infrastructure…

Mumbai's urban development

June 7, 2018

North Korea
Russia’s Role on North Korea: More Important than You Might Think

In the context of resolving the North Korean nuclear challenge, Russia rarely makes the news. South Korea is the reverse image; China is the enabler; the United States is the tough guy; and Japan is …

Putin

June 4, 2018

United States
Trade Deals or Macroeconomic Shocks?

With ongoing euro uncertainty in Italy, financial turmoil in Argentina and Turkey, and potential fiscal risks to demand in Asia, does the Trump administration's focus on trade deals miss the larger m…

Italian flag over Quirinal Palace.

May 18, 2018

International Economic Policy
A Bad Deal on Currency (with Korea)

Korea has indicated that it will, very gradually, start to disclose a bit more about its direct activities in the foreign exchange market. The Korean announcement presumably was meant to front-run it…

A Bad Deal on Currency (with Korea)

May 11, 2018

Nigeria
Boko Haram’s Violence Against Women and Girls Demands Justice

To date, not one member of Boko Haram has been prosecuted for sexual violence. Yet, as President Buhari mulls granting amnesty to repentant members of Boko Haram, justice requires accountability for their crimes, including those that are gender-based. 

Nigeria-Women-boko-Haram-Violence-Justice