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 Collection: Congressional Research Service Reports
Currency Manipulation: The IMF and WTO

Currency Manipulation: The IMF and WTO

Date: May 8, 2008
Creator: Sanford, Jonathan E.
Description: The International Monetary Fund (IMF) and World Trade Organization (WTO) approach the issue of "currency manipulation" differently. The IMF Articles of Agreement prohibit countries from manipulating their currency for the purpose of gaining unfair trade advantage, but the IMF cannot force a country to change its exchange rate policies. The WTO has rules against subsidies, but these are very narrow and specific and do not seem to encompass currency manipulation. Several options might be considered for addressing this matter in the future, if policymakers deem this a wise course of action.
Contributing Partner: UNT Libraries Government Documents Department
The Daiwa Bank Problems: Background and Policy Issues

The Daiwa Bank Problems: Background and Policy Issues

Date: November 30, 1995
Creator: Nanto, Dick K; Jackson, William D & Wells, F. Jean
Description: On November 2, 1995, U.S. banking authorities ordered the Daiwa Bank to close its banking operations in the United States, and a 24-count criminal indictment was issued against it. These actions stem from the bank's admission that Toshihide Iguchi, a rogue trader at its New York branch office, had incurred $1.1 billion in losses over eleven years from trading U.S. Treasury securities and that Daiwa managers had "directed that those losses be concealed" from U.S. regulators.
Contributing Partner: UNT Libraries Government Documents Department
Debt Reduction: Initiatives for the Most Heavily Indebted Poor Countries

Debt Reduction: Initiatives for the Most Heavily Indebted Poor Countries

Date: February 1, 2000
Creator: Nowels, Larry
Description: This report offers a broad overview of the debate concerning debt reduction for poor developing countries. It profiles the scope and structure of debt and reviews previous debt relief strategies and the current HIPC Initiative. It analyzes and compares competing alternatives endorsed by the Administration, congressional activists, NGOs, and other G-7 governments. Several key issues, such as costs, impact, and conditionality, of pending proposals are also assessed.
Contributing Partner: UNT Libraries Government Documents Department
The Eurozone Crisis: Overview and Issues for Congress

The Eurozone Crisis: Overview and Issues for Congress

Date: February 29, 2012
Creator: Nelson, Rebecca M.; Belkin, Paul; Mix, Derek E. & Weiss, Martin A.
Description: The Eurozone's economic crisis threatens economic stability in Europe and beyond. Four specific economic challenges faced are high debt levels and public deficits, weaknesses in the European banking system, recession and high unemployment in some Eurozone countries, and persistent trade imbalances. Three issues for Congress regarding these challenges are how this situation will impact the US economy, IMG involvement, and how the US and Europe will cooperate to solve these issues.
Contributing Partner: UNT Libraries Government Documents Department
The Eurozone Crisis: Overview and Issues for Congress

The Eurozone Crisis: Overview and Issues for Congress

Date: August 29, 2012
Creator: Nelson, Rebecca M.; Belkin, Paul; Mix, Derek E. & Weiss, Martin A.
Description: This report provides an overview of the causes, challenges, political dynamics, and other aspects of the Eurozone's economic crisis and discusses the related issues that Congress may address, such as: how this situation will impact the U.S. economy, IMF (International Monetary Fund) involvement, and how the US and Europe will cooperate to solve these issues. The report also contains supplemental figures and charts.
Contributing Partner: UNT Libraries Government Documents Department
The Eurozone Crisis: Overview and Issues for Congress

The Eurozone Crisis: Overview and Issues for Congress

Date: September 26, 2012
Creator: Nelson, Rebecca M.; Belkin, Paul; Mix, Derek E. & Weiss, Martin A.
Description: This report provides an overview of the causes, challenges, political dynamics, and other aspects of the Eurozone's economic crisis and discusses the related issues that Congress may address, such as: how this situation will impact the U.S. economy, IMF (International Monetary Fund) involvement, and how the US and Europe will cooperate to solve these issues. The report also contains supplemental figures and charts.
Contributing Partner: UNT Libraries Government Documents Department
The Exchange-Rate System: Return to Bretton Woods?

The Exchange-Rate System: Return to Bretton Woods?

Date: January 12, 1995
Creator: Reifman, Alfred
Description: This report focuses on the exchange-rate system set up at Bretton Woods, its breakdown in the 1970s, the current system of managed floating and, finally, proposals to return part or all the way to a more fixed-rate system.
Contributing Partner: UNT Libraries Government Documents Department
Exchange Rates: The Dollar in International Markets

Exchange Rates: The Dollar in International Markets

Date: April 17, 1987
Creator: Wilson, Arlene
Description: Mainstream economic theory suggests that U.S. budget deficit was the main cause of the dollar appreciation between 1980 and early 1985. The high budget deficit forced the U.S. Government to compete against the private sector for available savings, raising interest rates in the United States. In response, net capital inflows to the United States increased, the demand for dollars on the foreign exchange market went up, and the dollar appreciated. Restrictive budgets and loose monetary policies abroad, both of which kept interest rates low abroad, also contributed to the dollar’s appreciation on over this period.
Contributing Partner: UNT Libraries Government Documents Department
The Exon-Florio National Security Test for Foreign Investment

The Exon-Florio National Security Test for Foreign Investment

Date: March 30, 2011
Creator: Jackson, James K.
Description: This report covers the recent background of the Exon-Florio provision with special regards to issues faced in the 112th Congress. The Exon-Florio provision grants the President the authority to block proposed or pending foreign acquisitions of “persons engaged in interstate commerce in the United States” that threaten to impair the national security.
Contributing Partner: UNT Libraries Government Documents Department
The Exon-Florio National Security Test for Foreign Investment

The Exon-Florio National Security Test for Foreign Investment

Date: July 28, 2006
Creator: Jackson, James K.
Description: The United States actively promotes internationally the national treatment of foreign firms. Some Members of Congress and others are concerned with this policy, however, particularly with how it applies to allowing government-owned companies unlimited access to the Nation's industrial base. Much of this debate focuses on the activities of a relatively obscure committee, the Committee on Foreign Investment in the United States (CFIUS) and the Exon-Florio provision, which gives the President broad powers to block certain types of foreign investment. Several Members of Congress have introduced various measures during the 2nd Session of the 109th Congress regarding this ongoing policy debate.
Contributing Partner: UNT Libraries Government Documents Department