American Pharmaceutical Companies Aren’t Paying Any Tax in the United States
This is a joint blog with Michael Weilandt. It is an undisputed fact that American pharmaceutical prices are the highest...
archiveInternational Finance
China’s New Currency Peg | Council on Foreign Relations
It is a given in polite economic society that China should move toward a more flexible exchange rate regime. The...
China’s New Currency Playbook | Council on Foreign Relations
There is little doubt that China rather actively managed its currency in 2023. For a period of time in the...
The Crypto Question: Bitcoin, Digital Dollars, and the Future of Money
Introduction In just over a decade, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt...
Cryptocurrencies, Digital Dollars, and the Future of Money
Introduction In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential...
Does Fitch’s Downgrade of U.S. Debt Really Matter?
How has Fitch downgrading the U.S. credit rating affected major U.S. and foreign investors? The timing of Fitch’s decision was...
Why Washington Should Give Up the World Bank Presidency
On May 3, the board of the World Bank confirmed an American, Ajay Banga, as its president for the twelfth...
The Dollar: The World’s Reserve Currency
Introduction Since the end of World War II, the dollar has been the world’s most important means of exchange. It...
Three Steps to Strengthen the U.S. Treasury’s Foreign Exchange Report
This is a joint post by Brad Setser and Mark Sobel, the U.S. Chairman of the Official Monetary and Financial...
