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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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China’s New Currency Peg
The peg that shall not be named, and all the trouble that creates. Read More
Can China Reduce Its Internal Balances Without Renewed External Imbalances?
The rest of the world has a big stake in whether China responds to the demand drag from its construction and real estate slump with looser monetary policy or with direct stimulus to households.
China Isn't Shifting Away From the Dollar or Dollar Bonds
China's reserves has shifted its dollar reserves from Treasuries to Agencies, and made increased use of offshore custodians. The available evidence suggests that it still holds about 50 percent of its reserves in dollar bonds.
How to Hide Your Foreign Exchange Reserves—A User’s Guide
A deep dive into the techniques China used to hide its foreign exchange reserves over the last twenty years
Turkey’s Increasing Balance Sheet Risks
Turkey is heading for a classic currency crisis. All of its reserves and then some are borrowed.
Using an SDR Bond Creatively to Boost Concessional and Climate Finance
Combining an SDR with budget funding is the most efficient way to stretch budgeted dollars (and euros) and increased the global supply of concessional financing.
Getting Debt Restructuring Terms Right
State contingent instruments can play a role in debt restructuring agreements, but they shouldn’t be a give-away to investors. There is a compelling case for their use in Zambia—but not in Sri Lanka.
