Search results
Jul 13, 2018 · Commentary by Mark Sobel — October 29, 2021 A Worker-Centered U.S. Dollar Policy CSIS Economics Program senior adviser Mark Sobel offers a five-point agenda for a worker-centered U.S. dollar policy to counter harmful currency practices.
Mark Sobel is US Chairman at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades. Mark, who represented the US on the International Monetary Fund executive board up to April 2018, has had a 40-year Treasury career with extensive around-the-world engagement.
Mar 11, 2024 · Mark Sobel is the US Chairman at the Official Monetary and Financial Institutions Forum, and he previously served at the US Department of the Treasury for nearly four decades, including as Deputy Assistant Secretary for International Monetary and Financial Policy from 2000 to early 2015.
US Chairman. Mark Sobel is US Chairman at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades. Mark, who represented the US on the International Monetary Fund executive board up to April 2018, has had a 40-year Treasury career with extensive around-the-world engagement.
- 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...
Jan 10, 2023 · CSIS non-resident senior associate Mark Sobel argues that modest IMF gold sales to help Sub-Saharan African nations and low-income countries could support the IMF’s global role, low-income countries, and U.S. interests.
May 1, 2012 · Full Biography. Mark Sobel is Deputy Assistant Secretary for International Monetary and Financial Policy in the U.S. Treasury Department.
