The magazine of international economic policy.

From the Winter 2013 issue

Adam Posen Takes the Stage

Just back from his three-year stint on the Monetary Policy Committee of the Bank of England, the new president of the Peterson Institute for International Economics sat down with TIE founder and editor David Smick.

The End of the Oil Crisis

For good and bad the earthquake has occurred; the tsunami is underway.

By Philip K. Verleger, Jr.

The Man to See

An exclusive interview with Dan Tarullo, the Federal Reserve board member who is fast becoming Washington's bank regulatory czar.

Libertarian Handbook

A review of Jason Brennan's Libertarianism: What Everyone Needs to Know.

By Samuel Brittan

Can Changes in Exchange Rate Valuations Affect Trade Imbalances?

In his new book, The Unloved Dollar Standard: From Bretton Woods to the Rise of China, Stanford economist Ronald McKinnon argues that the “China bashers” have been captured by a false theory of the U.S. trade balance. A collection of noted experts tackles McKinnon’s thesis, including Diana Choyleva, Jeffrey A. Frankel, James E. Glassman, Joseph E. Gagnon, Catherine L. Mann, Paul Craig Roberts, Jeffrey R. Shafer, Michael J. Boskin, Bernard Connolly, Martin Neil Baily, Greg Mastel, Heiner Flassbeck, Richard C. Koo, Clayton Yeutter, Richard D. Erb, and Steve H. Hanke.

A symposium of views

More Sizzle Than Steak

Why the Abe economy will fail.

By Richard Katz

On Top of the Heap

Compared to the eurozone, Britain, and Japan, the United States shines.

By John M. Berry

Rise of the Redback

How the renminbi is replacing the greenback as the dominant trade settlement currency in Asia.

By Chi Lo

The Story of a Disillusion

A review of Ronald McKinnon’s new book, The Unloved Dollar Standard.

By Martin Kessler

Drinking From the Poisoned Well

The troubling history of Sino-Japanese tension.

By Dan Sneider

Banking Union, Properly Structured

The concurrence of crisis management and regulatory policy.

By Jens Weidmann

Two Cheers for Christine Lagarde

Bringing an era of IMF bumbling to an end.

By Desmond Lachman

The March of Folly Continues

The ill-conceived plans for European banking supervision.

By Roland Vaubel

The Case for Inclusive Capitalism

It is time for America’s business leadership to more fully engage.

By James D. Robinson III

Fighting the Last War

It is time for a revitalized economic statecraft.

By Norman A. Bailey

Litigation Bonanza

In the push for a U.S.-China investment treaty, policymakers would do well to consider the litigation concerns.

By Simon Lester

Off the News

So God made a banker, why Washington's power will increase, and the unlikely rise of Jeroen Dijsselbloem.