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16min chapter
Setser on US-China Trade, Lessons from USTR, Economics of Great Powers, and Panda Diplomacy
ChinaTalk
Reciprocal Responses, SDRs, and the Need for Rethinking the Global Financial System
This chapter delves into the concept of reciprocal responses to China and suggests extending it to Japan. It explores the role of special drawing rights (SDRs) in the global economy and how they can be used. The chapter also discusses the need for a broader rethinking of the global financial system and proposes the issuance of SDR-linked bonds by the World Bank.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode