My new paper for the Geoeconomics and Geofinance Initiative of the Institute Français des Relations Internationals’ (IFRI) explores the history of the Sino-American financial relationship.

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

Darren Staples/Courtesy Reuters I like McDonald’s. In fact, I may be one of the few people who actually enjoys seeing, and occasionally eating at, the golden arches when I travel in Asia. However, w…

The Bank for International Settlements’ (BIS) broad effective index is the gold standard for assessing exchange rates. And the BIS shows—building on a point that George Magnus has made—that China’s c…