The board of the International Monetary Fund was right to reaffirm its full confidence in Christine Lagarde as the institution’s managing director despite her conviction for negligence on Monday by a Paris court. She has done a good job as the head of one of the world’s most important multilateral institutions. But there’s more to be done by the ...

  Less than a decade ago, the International Monetary Fund used to talk about Asian countries piling up too much in their currency- reserve stockpiles. The global financial crisis turned that conclusion on its head, and now that US interest rates are poised to keep climbing, the race is on to identify which countries have the strongest buffers against capital ...

  President-elect Donald Trump has made a point of shaking things up. In domestic policy, this taste for disorder is risky. In foreign policy, it could be calamitous. Trump isn’t yet president, so it’s early to be drawing conclusions. But concern is warranted. Trump rejects the status quo in America’s relations with the rest of the world, and seems to ...