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China skyline

POLICY BRIEF: Deciphering China’s Puzzling Capital Flows

While China’s inflow of foreign direct investment surged in the early 1990s, very little came from technologically advanced nations. Rather, much of China’s capital inflows and outflows were round-trip transactions routed through the United Kingdom Islands and Hong Kong to take advantage of tax policies and industrial policies aimed at increasing foreign investment.
Credit card

Kyle Herkenhoff's research featured in Wall Street Journal

Economists at the University of Minnesota and Dartmouth College found workers who have greater access to credit when they’re laid off are able to take longer to find work, and go on to make more money and work at larger and more productive firms. “We’re showing that credit actually is not such a bad substitute for unemployment insurance,” Herkenhoff said.
Kashkari event

Ending Too Big To Fail

Seven years after the biggest financial crisis since the Great Depression, are some banks still too big to fail? The new President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, discussed his ideas for transforming the banking industry with moderator John Harwood, Chief Washington Correspondent, CNBC.