After the financial crisis opposition to capital controls wavered. Two very recent papers examine whether limits on capital mobility achieve their financial and macroeconomic goals.

The U.S. has been chipping away at the WTO for the last two years. How does today’s situation compare to the U.S.-Japan trade war of the 1970s?

Many have highlighted the recent fall in the dollar’s share of global FX reserves as a sign of the dollar’s waning dominance. What does the data really show?

New research on how the recent protectionist trend has affected the US and Europe.

Dani Rodrik and Kemal Derviş advocate two different types of global governance: one that emphasizes national sovereignty and one that emphasizes the role of international institutions. Quite thought-provoking!

As the odds for a US dollar intervention rise, economists wonder what the long term impact might be and whether a weak dollar could benefit the US economy.

At the end of May 2019 the Treasury published its currency manipulation report.  The report is considered to be a  reductio ad absurdum  and a Niagara of nonsense.

FDI flows have declined significantly since 2017. Are we entering a new period of contraction by multinational firms, or are FDI patterns changing as digitalized industries are becoming more important?

Can information frictions boost trade? Are global value chains receding? Are trade relationships long lasting?

Three new working papers on convenience yield and exchange rates.