“Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a ‘modern financial system with Chinese characteristics.’ That goal has faced challenges, however, including capital controls in China and the currency's limited convertibility. Matteo Maggiori, Moghadam Family Professor of Finance at Stanford Graduate School of Business, and Bloomberg Intelligence Chief Asia FX and Rates Strategist Stephen Chiu speak on ‘Bloomberg: The China Show.’”

The ECB biennial report on financial integration and structure in the Euro Area uses GCAP’s research showing that integration has been lower and different than previously understood.

Maggiori and Schreger join the Macromusings podcast to talk about their GEOECONOMICS research, joint with Chris Clayton. How and why governments use their countries' economic strength from existing financial and trade relationships to achieve geopolitical and economic goals.

“I think most trade and investment relationships between America and China are best left to private decisions,” says Matteo Maggiori of Stanford University. “But it would make sense to restrict trade and investment in some highly sensitive areas, such as port infrastructure and defence.” This would reduce, though not eliminate, the potential damage that China could do if it turned truly hostile to the West. Economists including Mr Maggiori are working on models to inform politicians about which sectors should be protected, and how.”

Jesse Schreger joins the Editorial Board of the Journal of International Economics as a Co-Editor.

Jesse Schreger testifies before the House Financial Services Committee Subcommittee on National Security, Illicit Finance, and International Financial Institutions on the "International Financial Institutions in an Age of Great Power Rivalry."