Although supporting the Ukrainian economy may be a worthwhile geopolitical goal, relying on the IMF to provide funding for Ukraine risks undermining the IMF's credibility as a conditions-based lender and exacerbating the moral hazard problem for private creditors.
Washington and Beijing are ostensibly having serious discussions of a bilateral investment treaty to improve transparency and other aspects of the trans-Pacific investment environment. One hopes it's not really true, that the American side is just humoring the Chinese, because it's impossible at present to see such an agreement benefiting the US.
In response to a Financial Times editorial on Abenomics, Desmond Lachman suggests that the best policy prescription for Japan may be an even more activist policy of quantitative easing from the BoJ.
The AEI-Heritage Foundation China Global Investment Tracker follows Chinese investment all over the world. Through June 30 2014, the U.S. had received over $70 billion in Chinese investment. This is the most of any country, and much more could be on the way, likely breaching $100 billion in total by 2017 and continuing to rise (unsteadily) from there.
China's attack on foreign companies is a serious matter. It started soon after Xi Jinping took his government office as president in March 2013 and has continued almost unceasingly since, with inquiries into Microsoft, Daimler, and others disclosed last week.
Over the past two years, European policymakers have not taken full advantage of favorable global market conditions. As a result, there remains a real risk that the Eurozone will experience yet another crisis once interest rates normalize.
Currency manipulation is back on the front burner because it's an election year and the Trans-Pacific Partnership (TPP) agreement is headed for a 2015 congressional vote. Currency manipulation is also wildly overrated as an issue.
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