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Mark Sobel is a former U.S. Treasury official and current U.S. chairman at the OMFIF. He is a non-resident senior adviser at the CSIS Economics Program, where he writes and speaks on topics such as G20, IMF, exchange rates, and debt.
- Defending the Dollar with Mark Sobel | The Trade Guys - CSIS
Podcast Episode by William Alan Reinsch and Scott Miller....
- U.S. Foreign Exchange Policy—Currency Provisions and ... - CSIS
Mark Sobel is a senior adviser (non-resident) with the Simon...
- Defending the Dollar with Mark Sobel | The Trade Guys - CSIS
Jul 31, 2024 · Podcast Episode by William Alan Reinsch and Scott Miller. Published July 31, 2024. On this week's episode of the Trade Guys, we are joined by Mark Sobel, a longtime veteran of the U.S. Treasury Department and expert on monetary policy. We discuss the global dominance of the U.S. dollar and potential challenges to its status.
- Brief Historical Context
- What Has Been done?
- Considerations on The Use of Currency Provisions and Trade Agreements
- What to Do in The Future?
Debates about exchange rates and their implications for U.S. economic performance and the trade deficit have been rife in U.S. political discourse, especially since the early 1970s with the breakdown of the Bretton Woods System and the advent of more flexible exchange rate regimes in advanced economies. The U.S. debate has often been associated wit...
The political pressures surrounding foreign exchange developments in the early and mid-1980s resulted in the 1988 Omnibus Trade and Competitiveness Act. This act mandated Treasury to prepare the semi-annual reports on “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States”—better known as the FX Report. 3 The 19...
The discussion above points to the need for an assessment of the merits of including currency provisions within the ambit of trade agreements. Domestic political concerns are a key driver for much of the consideration. Just as Secretary Baker used the Plaza Accord to push back on protectionist forces in the mid-1980s, the Obama administration worke...
In conclusion, U.S. perceptions about other countries pursuing harmful currency practices and unfairly relying on the U.S. economic engine is an oft-repeated story. Protectionist pressure ensued, even with full employment. The economic and technical concerns about using currency provisions in or alongside trade deals are a formidable challenge to o...
Mark Sobel is a veteran US Treasury official who represented the US on the IMF executive board and led Treasury preparations for G7 and G20 meetings. He works with OMFIF on international and US policy, and provides insight and analysis to members.
Mar 11, 2024 · Mark Sobel is a former US Treasury official and a current US representative at the IMF. He discusses the current state of dollar dominance, the threats from China, the weaponization of the dollar, and more with David Beckworth on Macro Musings.
Jul 13, 2023 · “They’re going to have concerns about our investment policies toward China,” said Mark Sobel, a former longtime Treasury Department official who is now the U.S. chairman of the Official ...
Mar 11, 2024 · By Mark Sobel / 11 March 2024 So-called ‘legal’ debates causing unnecessary delays The US and Europe disagree over whether $300bn of blocked Russian central bank assets should be seized and transferred to Ukraine.
