Elsewhere on Monday . . .
— China’s new currency peg (Brad Setser for CFR)
— The Electric Vehicle Developmental State (Phenomenal World)
— Risk-Adjusting the Returns to Private Debt Funds (NBER)
— Unicredit’s Erik Nielsen on this week’s spring IMF meetings (and what’s changed about them)
— The US military isn’t that concerned about war with Iran (The Intercept)
— The southern gap (Aeon)
— NYC’s Hudson Yards vessel reopening (The Guardian)
— Amicus Thief (Air Mail)
— Scrabble “gone woke” (BBC)
— New Mother Forced To Put Dream Of Becoming Central Asian Dictator On Hold