Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.
explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
伦敦/内罗毕—每年, 全球约有900万人——相当于奥地利的全部人口——会死于饥饿或与饥饿相关的疾病。这已经足够悲惨了,但2019年新冠病毒破坏粮食供应链有可能导致这一数据在2020年翻倍。
这是新冠病毒疫情的隐性成本,而且承担这些成本的将是最贫困和最脆弱的人。为防止这些本来可以避免的死亡,我们必须首先认识到,非洲、南亚和其他贫穷地区不能模仿西方所采取的举措进行封锁或试图遏制疾病。相反,他们必须找到自己的方法来平衡病毒的风险和因为试图击败病毒所带来的生计和生命威胁。
但毕竟,最重要的是,国际社会必须立即采取行动,以确保粮食供应链的正常运行。否则,对世界最贫困地区而言,为治愈疾病所带来的意外后果将比疾病本身更加严重。
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