International finance, monetary policy, and global economic governance by Mark Sobel
Mark Sobel: Rethinking growth policy could lift RMB and address surplus
Mark Sobel discusses the relationship between China's current account surplus, its growth model, and macroeconomic policy. He suggests that both he and Gita believe the large surplus is linked ...
China not labeled currency manipulator in FX report, Mark Sobel notes
Mark Sobel comments that the U.S. Treasury has released its latest foreign exchange report and has not labeled China a currency manipulator. According to Sobel, the Treasury has made the correct ...
Mark Sobel: Virtual panel to discuss U.S. and global bond yields
Mark Sobel is hosting a virtual discussion on Monday, July 27, at 10 a.m. in New York and 3 p.m. in London, focusing on whether U.S. and global bond yields are and will move structurally higher. ...
Exchange rates influence China growth strategy, Mark Sobel notes
Mark Sobel discusses an excerpt from a piece co-authored with Setser and Brooks, highlighting the importance of exchange rates in China’s economic model. Sobel argues that it is difficult to ...
Mark Sobel: Hosting WTO economic counsellor Marc Auboin for finance discussion July 1
Mark Sobel is set to host Marc Auboin, the World Trade Organization's counsellor for economic research and statistics. The discussion will address relations with the IMF and IBRD as well as trade ...
U.S. Treasury market faces uncertainty, Mark Sobel notes
Mark Sobel highlights commentary from Karl Schamotta, Chief Market Strategist at Corpay Currency Research, who describes the U.S. Treasury market as "living on borrowed time". Sobel expresses ...
Mark Sobel: U.S. fiscal reforms vital regardless of China and Europe actions
Mark Sobel cautions that while international cooperation is preferable, the U.S. must prioritize getting its fiscal house in order regardless of actions taken by China and Europe. He also ...
Chinese growth relies on undervalued currency and high savings, Mark Sobel notes
Mark Sobel raises the question of whether both prevailing views on China's economic strategy can be correct. He argues that the undervaluation of Chinese currency is a fundamental part of China's ...
Mark Sobel: U.S. should address current account deficit and fiscal policy
Mark Sobel questions current U.S. economic and trade policies. He states the U.S. needs to address its current account deficit by improving its own fiscal situation, instead of focusing on ...
Yen seen as undesirably weak due to policy stance, Mark Sobel notes
Mark Sobel argues that the Japanese yen's current weakness is primarily driven by an overly accommodative monetary policy. Sobel adds that market concerns about Japan's fiscal policy are also ...
Mark Sobel: Market disorder not the key issue, fiscal and monetary concerns persist
Mark Sobel, industry influencer, questions the rationale behind the Ministry of Finance's market interventions, suggesting that the core issue is not disorderly markets. Sobel points to growing ...
IMF can increase debt relief for LIC and LMIC states, Masood Ahmed argues
Masood Ahmed, industry influencer, calls on the International Monetary Fund to do more for debt-distressed low-income and lower-middle-income countries by utilizing its influence to set the terms ...
Mark Sobel: Debt operations in Venezuela overlook needs of impoverished population
Mark Sobel raises concerns over the financial community’s preoccupation with extracting maximum value from Venezuelan debt operations. He stresses that there is insufficient consideration for ...
IMF prepares for perplexity and confusion at spring meetings, Mark Sobel notes
Mark Sobel highlights the atmosphere of uncertainty and confusion that may surround next week’s IMF Spring Meetings. The tweet suggests that perplexity and hand-wringing are expected as ...
Mark Sobel: Europe is far from a Hamiltonian moment
Mark Sobel highlighted a recent analysis by Jacques de Larosière, emphasizing his status as a leading and experienced financial diplomat. The commentary underscores that Europe is currently far ...
Quota agreement limits China to 6 percent IMF share despite stronger GDP, Mark Sobel argues
Mark Sobel critiques the Wall Street Journal editorial on the IMF quota deal, describing the piece as convoluted. Sobel notes that while China's global GDP weight exceeds 16 percent, the quota ...
Mark Sobel: Inconsistent macro and monetary policy explain yen weakness
Mark Sobel attributes yen weakness to inconsistent macro policies, excessive monetary accommodation, high debt, and energy dependence. He states that current market conditions are not disorderly ...
Emerging markets investing discussed amid Iran war, Mark Sobel notes
Mark Sobel thanked a representative from NWI Management for joining a podcast with OMFIF to discuss the impact of the Iran war on investing in emerging markets and the broader asset class. The ...
Mark Sobel flags currency crash risk from investor confidence loss in financial crisis
A financial crisis triggered by a loss of investor confidence can lead to a balance of payments (BOP) crisis even with floating exchange rates. Mark Sobel outlines how such a scenario may cause ...
