CurrenciesChina’s New Currency Peg | Council on Foreign RelationsApril 12, 202439It is a given in polite economic society that China should move toward a more flexible exchange rate regime. The...
CurrenciesChina’s New Currency Playbook | Council on Foreign RelationsFebruary 5, 202441There is little doubt that China rather actively managed its currency in 2023. For a period of time in the...
CryptocurrencyThe Crypto Question: Bitcoin, Digital Dollars, and the Future of MoneyJanuary 17, 202417Introduction In just over a decade, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt...
BankingCryptocurrencies, Digital Dollars, and the Future of MoneyDecember 21, 202362Introduction In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential...
FinanceDoes Fitch’s Downgrade of U.S. Debt Really Matter?August 16, 202342How has Fitch downgrading the U.S. credit rating affected major U.S. and foreign investors? The timing of Fitch’s decision was...
BankingWhy Washington Should Give Up the World Bank PresidencyJuly 24, 202345On May 3, the board of the World Bank confirmed an American, Ajay Banga, as its president for the twelfth...
CurrenciesThe Dollar: The World’s Reserve CurrencyJuly 19, 202375Introduction Since the end of World War II, the dollar has been the world’s most important means of exchange. It...
CurrenciesThree Steps to Strengthen the U.S. Treasury’s Foreign Exchange ReportFebruary 2, 202316This is a joint post by Brad Setser and Mark Sobel, the U.S. Chairman of the Official Monetary and Financial...