Decrypting new age international capital flows
This paper employs high frequency transactions data on the world's two oldest and most extensive centralized peer-to-peer Bitcoin markets, enabling trade in the currencies of more than 160 countries.
Research
Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.
Vietnam: Navigating a Rapidly Changing Economy, Society, and Political Order
In the late 1980s, most of the world still associated Vietnam with resistance and war, hardship, refugees, and a mismanaged planned economy.
U.S.-Taiwan Relations in a New Era: Responding to a More Assertive China
Taiwan has inherent military value, and thus its fate will in large part determine the U.S. military’s ability to operate in the region.
The Chinese Global in the Long Postwar: Narratives of War, Civilization, and Infrastructure since 1945
This chapter traces changing Chinese ideas of the “global” as expressed through successive ideas of the place of China in world order: Jiang Tingfu’s vision for postwar China in the Bretton Woods era,
The Hidden Costs of Unaccompanied Child Migration
Dramatic reductions in refugee resettlement numbers, restrictions on asylum access and growing externalisation of humanitarian protection have significantly curtailed legal migration pathways for dist
China as an International Lender of Last Resort
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress.
How Commerce Can Save the Climate: The Case for a Green Free Trade Agreement
Crisis looms for the planet. In November 2022, world leaders met in Egypt at the UN’s annual forum on climate change, known as the Conference of the Parties.
Local Labor Market Impacts of the Energy Transition: Prospects and Policies
Society’s transition toward more sustainable energy sources is well underway.
Let the WTO Referee Carbon Border Taxes
Efforts to reduce global greenhouse-gas emissions must overcome the free-rider problem, and carbon border adjustment measures are the most effective way to level the playing field.
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