The Dollar Problem: Part II
Last week, we introduced the characteristics of a reserve currency, including a discussion of the costs and benefits of providing the reserve currency. This week, we will conclude the [...]
The Dollar Problem: Part I
In May, the Trump administration exited the Joint Comprehensive Plan of Action (JCPOA), otherwise known as the Iran nuclear deal.1 In conjunction with its exit, the U.S. implemented new [...]
The Venezuelan Migration Crisis: Part II
Last week, we discussed Venezuela’s economic and political situations. Part II begins with a discussion on migration with a focus on emigrant flows. We include an analysis of the [...]
The Venezuelan Migration Crisis: Part I
Venezuela has gone from “bad to worse” in recent years. In 1999, Hugo Chavez was elected president and took the country on a journey into Cuba-style socialism. Persistent government [...]
The Turkey Crisis: Part II
(N.B. Due to the Labor Day holiday, the next report will be published on September 10.)Know more about Russia than your friends: Get our free ebook on how the Soviet [...]
The Turkey Crisis: Part I
Over the past few months, Turkey has become a major topic of interest. Recep Erdogan won re-election to the presidency in June 2018. This event was important because a [...]
The Return Of AMLO
On July 1, Andres Manuel Lopez Obrador, or AMLO for short, became Mexico’s first leftist president in over three decades,1 running on anti-establishment and anti-corruption platforms. The 64-year-old activist [...]
China’s Foreign Reserves: Part III
This week, we will conclude our study on China’s foreign reserves. In Part I, we discussed the evolution of foreign reserves from gold to the dollar, with a historical [...]
A Primer On Fiscal Policy, Government Debt And Deficits
In our travels we are almost always asked about the government debt and deficits. If there is any area of confusion and misunderstanding, public finance could easily top the [...]
China’s Foreign Reserves Explained
We often get questions about China’s foreign reserves. The fear is that China’s massive “pile” of foreign exchange reserves is a risk factor for U.S. markets. In the first [...]
Reflections On Cyberwar
(Due to the Memorial Day holiday, our next report will be published on June 4.) On Saturday, May 11, the New York Times ran an article on the threat of [...]