SWF Accountability, Transparency: Improvements Noted; More Needed
Members of the International Forum on Sovereign Wealth Funds gathered for their 2012 annual meeting in Mexico City last September. The group will meet again in Oslo in early October. Sovereign wealth...
View ArticleReducing Remittance Costs: A Matter of Competition, Technology — and Post...
Sub-Saharan Africa has some of the highest remittance costs in the world, according to the World Bank, which reports that it costs migrant workers in South Africa $48.17, on average, to remit $200 to...
View ArticleWhat “Extending a Hand to the Poor” Too Often Really Means
An anti-corruption campaign sign in Liberia. Photo by Geneva52, courtesy of Wikimedia Commons. The Irish playwright Brendan Behan once opined that, “I have never seen a situation so dismal that a...
View ArticleSome Good News (Seriously) About U.S. – Russian Relations
A Russian Far Eastern Shipping Company (FESCO) container ship in port at Vostochniy. Trying to say something upbeat about U.S.- Russian relations this week entails the same risks as going to a wake...
View ArticleAttracting FDI: Openness Helps, But Opportunity Rules
If a country had the most-restrictive regulations on foreign direct investment (FDI) of 55 nations studied, where do you think it would rank among those nations in terms of actually attracting...
View ArticleWould the 9/11 Hijackers’ Money Trail Raise Red Flags in Today’s System?
Hijackers Mohamed Atta and Abdulaziz al-Omari passing through security checkpoint at Portland International Jetport on the morning of September 11, 2001. If terrorists entered the U.S. today to...
View ArticleA Money Showdown, Moscow-Style, and Its Potential Consequences
Billionaire Andrei Guriev was one of several wealthy businesspeople to resign from the upper house of Russia’s parliament in the months before the Putin-sponsored ban on officials holding foreign...
View ArticleSome Realities Behind China’s Call for a “De-Americanized World”
The official Xinhua news agency’s recent call for a “de-Americanized world” echoed the argument that Zhou Xiaochuan, above, Governor of the People’s Bank of China, made in a 2009 paper urging...
View ArticleAspiring Entrepreneur? Then Go East, Young Man (or Woman)
Merlion Park, Singapore. Photo by Bjorn Christian Torrissen via Wikimedia Commons. Singapore is the easiest place in the world for small- and medium-sized domestic companies to do business, with Hong...
View ArticleHigh Frequency Trading: A High-Profile Target Once Again
The majority of stock transactions now are executed virtually rather than on the trading floors of exchanges such as the New York Stock Exchange, above. Photo by Kevin Hutchinson via Wikimedia...
View ArticleUkraine: Time for Bold Magnanimity from EU
Ukrainians have returned to the streets to protest, just as they did in Kiev (above) on the first day of the 2004 Orange Revolution. Photo by Serhiy, courtesy of Wikimedia Commons. The European Union...
View ArticleTrade-based Money Laundering: New Impetus for an Old Threat
U.S. Customs and Border Protection processed more than 25 million cargo containers through American ports of entry in Fiscal Year 2012, a volume that underscores the challenges of combating...
View ArticleChina’s FX Reserves: Eight Questions on the Macroeconomic ‘Mechanics’
Photographer: Yongxinge via Wikimedia Commons In mid-January, the People’s Bank of China (PBoC) announced that its foreign exchange reserves had grown by a breathtaking $157 billion in the fourth...
View ArticleChina’s SWFs: Next Targets of Calls for Greater Transparency?
The PRC’s sovereign wealth funds, with approximately $1.3 trillion in assets, may be the next targets of critics calling on Beijing to be more transparent about its military, economic, and diplomatic...
View ArticleHamilton, Jefferson, and the Fate of the Export-Import Bank
Dueling visions of the role America’s government should play in commercial affairs date back to the days of Hamilton — pictured above in his fatal encounter with Aaron Burr — and continue with the...
View ArticleThe Currency Manipulation Report and the Depreciation of U.S. Credibility
At a time when the administration wants to convince Vladimir Putin that the U.S. has the will to employ potent economic tools to further its diplomatic objectives, a 34-page document that the Treasury...
View ArticleWill the Tea Party Prove to Be the Ex-Im’s Slayer or Savior?
Rep. Jeb Hensarling, R-TX, Chairman of the House Financial Services Committee, is a leading congressional critic of the Export-Import Bank of the United States, and is using committee hearings this...
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