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April 12, 2024

China
China’s New Currency Peg

The peg that shall not be named, and all the trouble that creates.

China’s New Currency Peg

February 27, 2024

Asia
Taiwan’s 2024 Election Outcomes: Balancing Domestic Challenges and International Relations

This blog post originated from a recent discussion by Professor Syaru Shirley Lin in the Winston Lord Roundtable Series on Asia, the Rule of Law, and U.S. Foreign Policy, where she debriefed the rece…

Taiwan President-elect Lai Ching-te, of Democratic Progressive Party's (DPP) gestures as he attends a rally following the victory in the presidential elections, in Taipei, Taiwan January 13, 2024.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

March 10, 2024

China
China’s Record Manufacturing Surplus

The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.

Manufactured Goods Surpluses

November 16, 2023

Argentina
Argentina Election Draws Wider Attention to Embattled Economy

The country’s massive economic problems will be a vexing challenge for whoever becomes president.

People line up in front a butcher shop next to signs showing meat prices.

October 3, 2023

China
China Isn't Shifting Away From the Dollar or Dollar Bonds

China's reserves has shifted its dollar reserves from Treasuries to Agencies, and made increased use of offshore custodians. The available evidence suggests that it still holds about 50 percent of it…

U.S. Portfolio vs. China's Reserves and Other Foreign Assets

August 18, 2023

COVID-19
Anti-Corruption Campaign in China’s Medical Sector: Unmasking the Hidden Agenda

While the Chinese government’s new anti-corruption campaign has the potential to significantly advance China’s healthcare reform, it may also have unforeseen and potentially dire consequences.

A medical worker checks the IV drip treatment of a patient lying on a bed in the emergency department of a hospital, amid the coronavirus disease (COVID-19) outbreak in Shanghai, China, January 5, 2023. REUTERS/Staff

November 21, 2023

China
China's Current Account Surplus Is Likely Much Bigger Than Reported

The IMF needs to focus on China’s external account in its surveillance. The reported current account surplus appears to be significantly too low.

China's Current Account Surplus Is Likely Much Bigger Than Reported

July 13, 2023

Taiwan
Taiwan, China, and the Threat of War

A small island one hundred miles off the coast of China could be the flashpoint that determines the future of great-power competition. Experts increasingly warn that a Chinese invasion of Taiwan woul…

Podcast Missiles lined up on a beach shore in Taiwan.