International Finance

Op-Ed Authors: Benn Steil and Paul Swartz
Financial News

Benn Steil's August column in Dow Jones' Financial News, co-authored with Paul Swartz, examines the cost of global imbalances from the perspective of the world's leading holders of foreign exchange reserves, China and Japan.

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Op-Ed

Lessons From the 1930s for a Rising Renminbi

Author: Benn Steil
Financial Times

Benn Steil's op-ed in the June 23rd edition of the Financial Times explains why FDR's Treasury in the 1930s cajoled the Chinese to peg to the dollar, in stark contrast to Obama's Treasury today, which wants the peg ended.  The ambition the two administrations shared is a weaker dollar.

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Op-Ed Authors: Benn Steil and Paul Swartz
Financial News

Benn Steil's June column in Dow Jones' Financial News, co-authored with Paul Swartz, shows how mass Russian and Chinese selling of Fannie and Freddie debt in 2008 severely exacerbated the financial crisis.  Contrary to the arguments of Fed Chairman Ben Bernanke and others, they show that there are very real dangers inherent in America's outsized reliance on foreign government financing.

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Article

Go for the Jugular

Author: Sebastian Mallaby
Atlantic Monthly

In this excerpt from his new book, More Money Than God, on the history of hedge funds, Sebastian Mallaby tells the story of the break-up of Europe's Exchange Rate Mechanism in 1992 from inside of George Soros's Quantum Fund.

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