Digital currencies

Aug 25, 2020

Advanced economies under pressure in the central bank digital currency race

By Barbara C. Matthews, Hung Tran

Advanced economy central banks are also actively engaged in CBDC research and development efforts. But as guardians of global reserve currencies, their approaches will necessarily be more deliberate and cautious than Beijing’s aggressiveness.

Digital Currencies Digital Policy

Digital currencies

Aug 24, 2020

China’s Digital Currency Electronic Payment Project reveals the good and the bad of central bank digital currencies

By Hung Tran, Barbara C. Matthews

The development of the DCEP has revealed the significant advantages and potential drawbacks for both China’s digital currency project and the potential for widespread central bank digital currencies around the world.

China Digital Currencies

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

In the News

Aug 17, 2020

Busch in The Hill: US, UK play chicken over chlorinated chicken

By Marc L. Busch

Marc Busch writes that post-Brexit, the UK should embrace a simple solution on chlorinated chicken regulation to help jump-start a US-UK trade deal.

Economy & Business European Union

New Atlanticist

Aug 11, 2020

Trump’s tariffs on Canada are about more than aluminum

By Marc L. Busch

Just five weeks after the United States-Mexico-Canada agreement (USMCA) went into force, the United States slapped a 10 percent national security tariff on aluminum from Canada, its closest ally. The dispute between the two countries has now dominated the trade relationship, but it has nothing to do with aluminum per se.

International Markets Trade

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

In the News

Aug 10, 2020

Busch in The Hill: Biden’s pre-Trump language on trade needs updating

By Marc L. Busch

Marc Busch writes that President Trump has dramatically changed how we talk about trade and Biden must cut a new path to define his own trade policy.

China Economy & Business

New Atlanticist

Aug 6, 2020

De-escalating tariff threats could jumpstart US–EU trade ties and support post-COVID 19 economic recovery

By Ole Moehr

Instead of imposing additional tariffs now, the Trump administration should attempt to ease the trade tensions with the EU ahead of the WTO’s ruling this fall on US subsidies, which will likely entitle the European Commission to impose tariffs on a similar magnitude of US products.

European Union International Markets

New Atlanticist

Jul 30, 2020

The foreign worker freeze will not solve high US unemployment

By Amy Jeon

The administration’s restrictive approach to immigration cannot be attributed to the pandemic economy alone, as evidenced by sweeping measures even before COVID-19, including historically low refugee admission numbers and increased penalties for asylum seekers. The freeze will also likely do more harm than good to the US economy.

Coronavirus Future of Work