Monetary Policy

Op-Ed

Keynesians are complacent about the dollar

Authors: Benn Steil and Manuel Hinds
Financial Times

Benn Steil's op-ed in the May 24th edition of the Financial Times, co-authored with Manuel Hinds, examines what it would mean for the United States to be obliged to function, like most of the world, without an internationally accepted money. They show why the U.S. not being able to pay its foreign debts in conjured currency would, contrary to Paul Krugman's view, be a big deal.

 

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Other Report

Doubts About Capital Controls

Author: Francis E. Warnock

China's policy of holding down the value of its currency and monetary easing in the United States have led to large capital inflows into emerging economies. Although consensus in emerging markets has formed around capital controls, Francis E. Warnock challenges their underlying assumptions.

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Transcript

A Conversation with Thomas M. Hoenig

Speaker: Thomas M. Hoenig
Presider: Paul E. Steiger

Thomas M. Hoenig, president and chief executive officer of the Federal Reserve Bank of Kansas City, discusses the risks in a real market economy and the need to develop a long-term, post-recovery monetary policy.

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Video

A Conversation with Thomas M. Hoenig

Speaker: Thomas M. Hoenig
Presider: Paul E. Steiger

Thomas M. Hoenig, president and chief executive officer of the Federal Reserve Bank of Kansas City, discusses the risks in a real market economy and the need to develop a long-term, post-recovery monetary policy.

This meeting was part of the C. Peter McColough Series on International Economics.

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Audio

A Conversation with Thomas M. Hoenig (Audio)

Speaker: Thomas M. Hoenig
Presider: Paul E. Steiger

Thomas M. Hoenig, president and chief executive officer of the Federal Reserve Bank of Kansas City, discusses the risks in a real market economy and the need to develop a long-term, post-recovery monetary policy.

This meeting was part of the C. Peter McColough Series on International Economics.

See more in Monetary Policy; United States

Video

Currency Wars, Capital Controls, and the Outlook for the International Monetary System

Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

Experts discuss the the current global economy and their skepticism of effective capital control, as well as the future of currency pegging, fixed currency rates, and capital mobility.

This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.

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Audio

Currency Wars, Capital Controls, and the Outlook for the International Monetary System (Audio)

Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

Experts discuss the the current global economy and their skepticism of effective capital control, as well as the future of currency pegging, fixed currency rates, and capital mobility.

This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.

See more in Monetary Policy; International Finance; Global