What are Eurodollars?

Eurodollars are dollar-denominated deposit liabilities of banks outside the United States. Even though estimates of the size of the Eurodollar market exceed $7 trillion, these instruments are virtually unregulated by the Fed.  In 2008, the height of the financial crisis,…

Rise of Private Militaries in Africa

China, US, Russia and European involvement in the African security sector is steadily increasing. Driven by the need to secure resources and political influence, governments have deployed private militaries to enact policies without the fanfare and liabilities of military operations.…

Demystifying Debt Along China’s New Silk Road

Is Beijing really seeking to buy political influence abroad? China has one of the biggest global development footprints in the world. The only country with bigger official international finance flows is the United States. Still, Washington spent over four times…