A sketch of the International Monetary Fund’s 70-year history reveals an institution that has reinvented itself over time along multiple…
Now that the long-awaited text of the Trans-Pacific Partnership agreement has been released, Congress will have to decide whether to ratify…
Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek…
greement among negotiators from 12 Pacific rim countries on the Trans-Pacific Partnership (TPP) represents a triumph over long odds.…
It is understood that investment serves as a shock absorber in times of crisis. The duration of the drag on investment, however, is…
This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…
is almost always easier to see more clearly in retrospect. Some develop- ments, viewed from the vantage point of history, look more…
Trade is high on the agenda in the United States, Europe, and much of Asia this year. In the US, where concern has been heightened by weak…
Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison…