Content

New Atlanticist

Sep 15, 2020

Don’t believe the SWIFT China sanctions hype

By Brian O’Toole

A major Chinese state-owned bank, the Bank of China (BOC), in July urged its banks to switch away from SWIFT toward a domestic messaging system because of the threat of US sanctions. Don’t take the warning at face value however, as Beijing’s primary motivation is to promote its own domestic system, rather than any real fear of a SWIFT cut-off.

China
Economic Sanctions

New Atlanticist

Sep 14, 2020

IDB president warns of a looming COVID debt crisis in Latin America, but also highlights opportunities

By David A. Wemer

Actions taken throughout the region to control not only the pandemic, but also “the spread of poverty [and] the spread of unemployment,” have “increased debt to households, to governments, and to businesses,” Moreno explained, while the restrictions of movement and commerce imposed to curb the spread of the virus will make it more difficult for Latin American economies to cope with this debt once the initial phase of the crisis is over.

Coronavirus
Future of Work

New Atlanticist

Sep 14, 2020

New US Hong Kong tax treaty suspension sends important signal, despite the costs

By Barbara C. Matthews

Eliminating the favorable tax treatment and requiring “made in China” labels at least provide a visible and concrete mechanism to articulate objections regarding Chinese policy without exerting significant economic pain on the people of Hong Kong, China, or the United States

China
Economic Sanctions

New Atlanticist

Sep 8, 2020

The US should pursue a trade policy reset in South Asia

By Amber Jamil

The United States needs a reset on its trade policy in South Asia that focuses on the twin goals of supporting its potential partners in the region and providing tangible economic benefits back home.

India
International Markets

New Atlanticist

Sep 8, 2020

Credit rating agencies could resolve African debt impasse

By Vasuki Shastry and Jeremy Mark

Credit rating agencies should offer a nuanced understanding of the unique needs of African nations. The G20 and global regulators have the power to persuade international investors that a little forbearance could save lives and livelihoods

Africa
Financial Regulation

New Atlanticist

Aug 28, 2020

Experts react: The road ahead for Japan after Abe resigns

By Atlantic Council

"New Japanese leadership, combined with the outcome of the US presidential election, could be a game changer for geopolitics in Northeast Asia," Miyeon Oh says.

International Markets
Japan

BelarusAlert

Aug 27, 2020

Belarus crisis: Can Lukashenka survive a collapsing currency?

By Anders Åslund

Belarusian dictator Alyaksandr Lukashenka has spent the past few weeks fighting for his political life as a pro-democracy uprising threatens to end his 26-year reign. But could a currency crash prove his downfall?

Belarus
Democratic Transitions

New Atlanticist

Aug 21, 2020

Unconventional monetary policy is not a free lunch in Europe or the United States

By Andrzej Rzońca and Grzegorz Parosa

The European Central Bank and the US Federal Reserve responded to the economic effects of the COVID-19 pandemic with a similar prescription to the one they used during the Global Financial Crisis (GFC), but this time they multiplied the dose.

Coronavirus
European Union

New Atlanticist

Aug 20, 2020

Rebounding Asian exports could signal problems for China’s supply chains

By Jeremy Mark

While China is currently providing its neighbors with critical economic lifelines, many in the Asia-Pacific are still looking for alternatives. China’s continued economic power means that any decoupling will carry a cost, as Taiwan is beginning to experience in the Huawei dispute.

China
International Markets

New Atlanticist

Aug 11, 2020

Financial regulation in the face of COVID-19: Resilient but complex clockwork

By Emilie Bel

The COVID-19 outbreak has presented the financial system with its most challenging test since the global financial crisis ten years ago—and the system has held up.

Coronavirus
Financial Regulation

Experts