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The Right Balance for Banks: Theory and Evidence on Optimal Capital Requirements
June 2017

The global financial crisis produced an important agreement among regulators in 2010–11 to raise capital requirements for banks to protect them from insolvency in the event of another emergency. In this book, William R. Cline, a leading expert on the global financial system, employs...

Currency Conflict and Trade Policy: A New Strategy for the United States
June 2017

Conflicts over currency valuations are a recurrent feature of the modern global economy. To strengthen their international competitiveness, many countries resort to buying foreign currencies to make their exports cheaper and their imports more expensive. In the first decade of the 21st century,...

World on the Move: Consumption Patterns in a More Equal Global Economy

Tomas Hellebrandt (former PIIE) and Paolo Mauro (International Monetary Fund), assisted by Jan Zilinsky (former PIIE)

December 2016

The world is poised on the threshold of economic changes that will reduce the income gap between the rich and poor on a global scale while reshaping patterns of consumption. Rapid economic growth in emerging-market economies is projected to enable consumers worldwide to spend proportionately...

Trans-Pacific Partnership: An Assessment

edited by Cathleen Cimino-Isaacs (PIIE) and Jeffrey J. Schott (PIIE)

July 2016

The Trans-Pacific Partnership (TPP) between 12 Pacific Rim countries has generated the most intensive political debate about the role of trade in the United States in a generation. The TPP is one of the broadest and most progressive free trade agreements since the North American Free Trade...

International Monetary Cooperation: Lessons from the Plaza Accord after Thirty Years

edited by C. Fred Bergsten (PIIE) and Russell Green (Rice University)

April 2016

In September 1985, emissaries of the world's five leading industrial nations—the United States, Britain, France, Germany, and Japan—secretly gathered at the Plaza Hotel in New York City and unveiled an unprecedented effort to correct the largest set of current account and exchange rate...

The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization
January 2016

The global financial and economic crisis that began in 2008 has blasted livelihoods, inspired protests, and toppled governments. It has also highlighted the profound moral concerns long surrounding globalization. Did materialist excess, doctrinaire embrace of free trade and capital flows, and...

Rich People Poor Countries: The Rise of Emerging-Market Tycoons and their Mega Firms

Caroline Freund (PIIE), assisted by Sarah Oliver (PIIE)

January 2016

Like the robber barons of the 19th century Gilded Age, a new and proliferating crop of billionaires is driving rapid development and industrialization in poor countries. The accelerated industrial growth spurs economic prosperity for some, but it also widens the gap between the super rich and...

From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World

edited by Marcus Noland (PIIE) and Donghyun Park (Asian Development Bank)

October 2015

Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World, scholars affiliated with the Peterson Institute...

Ukraine: What Went Wrong and How to Fix It
April 2015

Ukraine suffered unprecedented political, economic, and military turmoil following Russia's annexation of Crimea in early 2014. Russian military aggression in the east and a legacy of destructive policies and corruption have created an imminent existential crisis for this young democracy. Yet...