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July 30, 2019

Economics
Summer Holiday

I am taking a few days off— If you are desperate for analysis of China’s balance of payments, I would recommend my disaggregation of China’s current account adjustment last year—and my analysis of…

September 12, 2016

Iraq
Summer of Sadism

This past summer has seen increased bloodshed in the Middle East, and it is getting harder to imagine viable solutions to resolving the conflicts across the region.

bp09122016

March 31, 2020

International Economic Policy
Not One Emerging Market Financial Crisis, but Many…

The common denominator across many emerging economies is a shortage of dollars. But the causes differ, as do the solutions.

A worker wearing a protective suit is seen inside the Shanghai Stock Exchange building amid the coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.

March 13, 2020

Election 2020
Campaign Foreign Policy Roundup: Campaigning in the Era of the Coronavirus

Each Friday, I look at what the presidential challengers are saying about foreign policy. This week: the coronavirus dominates the conversation, Senator Sanders defends a sister-city program, and exp…

Former Vice President Joe Biden stands behind a podium and in front of American flags while he speaks on the coronavirus pandemic in Wilmington, Delaware, on March 12.

March 11, 2020

Taiwan
It Is Time for a Currency Manipulation Truce… Especially as Taiwan Disclosed Its True Foreign Exchange Position

There is no need for the Treasury to put out its foreign exchange report on time this April. There are other, more pressing priorities. And if it does, the Treasury should exercise its discretion to …

It Is Time for a Currency Manipulation Truce… Especially as Taiwan Disclosed Its True Foreign Exchange Position

March 10, 2020

Saudi Arabia
Why Current Saudi-Russia Oil Price War Is Not Déjà Vu

It’s happened several times before: geopolitical tensions between Saudi Arabia and Russia have led to a dramatic drop in oil prices in years past. But the breakdown in Saudi-Russian cooperation in oi…

A gas station worker wearing a protective face mask sits next to a petrol station, after Saudi Arabia imposed a temporary lockdown on the province of Qatif following the spread of coronavirus, in Qatif, Saudi Arabia March 9, 2020. REUTERS/Stringer

March 6, 2020

Election 2020
Campaign Foreign Policy Roundup: Biden Versus Sanders

Each Friday, I look at what the presidential challengers are saying about foreign policy. This week: the Democratic field narrows, and Joe Biden and Bernie Sanders square off.

Presidential candidates Senator Bernie Sanders (L) and former Vice President Joe Biden (R) shake hands at the February 25 Democratic debate.

June 21, 2016

China
Asia Summer Reading

It’s that time of year again---when Washington cooks, the public transport goes on extended holiday, people head to the beach, and I offer some thoughts on books to take with you on vacation if you h…

bookstore

February 28, 2020

South Korea
The Real Obstacles to the Return of Tourists to North Korea’s Mount Kumgang

Has the time come for South Korean tourists to return to Mount Kumgang?

An employee enters a room at a hotel in Mount Kumgang resort in Kumgang, North Korea, on September 1, 2011.

February 26, 2020

Trade
The U.S. Shock to Global Demand in Q4 (Before the Coronavirus)

The large fall in U.S. imports in Q4 slowed global growth, as weak U.S. demand hurt the rest of the world more than it hurt the United States.

The U.S. Shock to Global Demand in Q4 (Before the Coronavirus)