Economy & Business

Yellen’s visit will not cool US-China tensions, as her statements were premised on two false assumptions about the two countries’ relations.

As government and private-sector creditors finally take steps to restructure debt, questions remain over their readiness to meaningfully reduce debt burdens.

Dressing up concrete measures as parts of a “new global financial architecture” risks conflating them with the geopolitical conflict about the future of the current world order.

The European Commission has just released its European economic security strategy, which is aimed at reducing threats from China and others to supply chains, critical infrastructure, and digital technology.

Imagine a network that combines both messaging and settlement to become a one-stop shop for international payments. It’s time for the US and its allies and partners to make that idea a reality.

Squeezed by sanctions, Russia has turned to Chinese yuan and gold, but both introduced new vulnerabilities and inconveniences.

New research on possible options and their costs of G7 sanctions on China in the event of a Taiwan Crisis.

The “Fortress Russia” strategy has helped Moscow withstand the initial shock of Western sanctions but the domestic economic outlook is grim.

This article aims to document the progress, potential, limits, and implications of friend-shoring, focusing on five key sectors.

The return of great power rivalry is stoking renewed fears of weakening Western currency dominance. Financial sanctions are becoming the preferred economic tool for accomplishing geopolitical goals.

The Biden administration’s “trade policy for the middle class” is taking shape. Exemplified by the TTC and IPEF, its is “beyond-the-border” issues, such as regulatory alignment and standard setting, attempts to improve supply chain resilience, and efforts to promote high labor and environmental standards. However, to achieve its strategic goals, the administration should consider adding traditional market access components.

This paper argues that this is unlikely for the foreseeable future, in part because a larger global role for the renminbi would be inconsistent with the Chinese leadership’s current policy priorities. However, there is no room for complacency.