Saturday, May 30, 2015
  1. The Currency Manipulation Charade

    Stephen S. Roach

    The Currency Manipulation Charade


     worries that the US Congress could pursue protectionism by another name.

    US Capital building full frame/Flickr

    The US Senate narrowly defeated a “currency manipulation” amendment to a bill giving President Barack Obama so-called “fast-track” authority to negotiate the controversial Trans-Pacific Partnership trade deal. But the issue could return as the debate shifts to the House of Representatives. READ MORE

  2. Channeling China’s Animal Spirits

    Andrew Sheng, ET AL
  3. Lessons for the AIIB

    Samura Kamara

    Lessons for the AIIB


     highlights the importance of transparency and accountability in multilateral lending institutions.

    counting renminbi Woo He/Featurechina/Ropi/ZumaPress

    Discussion about China’s establishment of the Asian Infrastructure Investment Bank has focused on questions about the AIIB’s governance and standards. This risks eclipsing a far more important discussion about the role that multilateral investment institutions play in supporting economic growth in emerging markets. READ MORE

  4. Capital Markets for Development

    Ethiopis Tafara

    Capital Markets for Development


     describes how poor countries would benefit by adopting advanced countries' financing mechanisms.

    India poverty Chris JL/Flickr

    Ending extreme poverty and building shared prosperity in the developing world are noble goals; but they are also expensive ones, requiring financing on a scale far greater than what governments in developing countries can provide. But if the proper conditions are created, capital markets will be well positioned to meet those needs. READ MORE

  5. New-Model Development Finance

    Anne-Marie Slaughter

    New-Model Development Finance


     argues that the US, not China, may have the right strategy for aiding poor countries.

    Development financing Florian F./Flickr

    China’s establishment of the Asian Infrastructure Investment Bank is the latest sign of a broader move away from the view that aid to developing countries is best provided in the form of massive government-to-government transfers. Ironically, it may be the US, which opposed the AIIB’s creation, that is leading the shift. READ MORE

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241 pages

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