Cost of borrowing will probably stay elevated for foreseeable future, making it harder for governments to service debts.
Despite the confidence with which many analysts proclaim that a severe recession is inevitable, there is no reason to assume that the US…
The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools…
Written for a PIIE conference on the 50th anniversary of floating exchange rates, this paper deals with possible alternatives to a unipolar…
Farmers in the western United States argue that without access to relatively affordable water for cultivating feed-related crops such as…
Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to…
The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it.…
This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct…
Efforts to prohibit financial institutions from considering environmental, social, and governance criteria reflect a fundamental…
As Washington gears up for yet another political showdown over raising the federal debt limit, congressional Republicans are clearly…