Posts From Ned Pagliarulo
US, China at odds as IMF currency basket decision approaches
The Chinese yuan looks poised to join a symbolically important international currency basket but differences over its valuation remain between the US and China. US Treasury Secretary Jack Lew made
Bank of Indonesia prepares for future market volatility
Following a decision by the Indonesian government to raise fuel prices, the Bank of Indonesia raised its benchmark rate to help stem inflation. In mid-November, the Bank of Indonesia decided
EDA: Morocco overly dependent on trade with Europe
EXTERNAL DEPENDENCIES ANALYSIS: Recent trips by Morocco’s King Mohammed VI to four African countries, however, suggest a shift in strategy towards African markets. In March 2014, King Mohammed VI of Morocco
EDA: Egypt exposed to price shocks in subsidy overhaul
EXTERNAL DEPENDENCIES ANALYSIS: Egypt’s attempts to reform highly subsidized oil and grain markets reveal key trade vulnerabilities. Egypt’s dependency on imported oil and cereals (despite its own production) leaves it exposed
3 implications of Japan’s revision of weapons exports rules
Loosening of principles guiding weapons exports will boost the Japanese defense industry and relations with the US. But it will come at the cost of its image as a pacifist
Energy shortfall reshapes Japan’s foreign policy
Since the Fukushima disaster, Japan has been forced to import much of its energy. This has created significant geo-political and economic risks and has reshaped its foreign policy. In June,
How will the Fed normalize monetary policy post-taper?
As the Federal Reserve continues to reduce the pace of asset purchases, attention has turned to the impending rise in interest rates. But to control short-term rates, the Fed will
Modi and Rajan face uphill battle with India’s growth and inflation
Given the potential conflict between Narendra Modi’s focus on growth and the Reserve Bank of India President Raghuram Rajan’s goal to curb inflation, both will need to work together to
US Decline Series: Financial sector health makes US a sound investment
The US regulatory response to the crisis has resulted in a stronger market and equipped the US to deal with future crises. This GRI series challenges the myth of the American
Senegal sukuk bond signals wider African interest in Islamic finance
Senegal plans to issue an Islamic law compliant bond in 2014, building on momentum in sukuk issuance globally. Senegal’s government looks set to issue a type of Islamic bond, known