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June 23, 2009

United States
Yes Virginia, there was an international financial crisis in 2007 and 2008

Now that the markets have lost a bit of their froth, it seems fitting to note just how sharply trade -- and private financial flows -- have contracted over the past year. The US q1 balance of paym…

us-current-account-q1-09-1

September 2, 2008

Monetary Policy
Yes, Virginia – Creditors do sometimes get a vote …

This is Brad Setser again. Thanks to Christian Menegatti and Rachel Ziemba for filling in when I was away. It is only fitting to return with one of my pet themes: central bank demand -- or rather,…

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May 2, 2024

Economics
RealEcon: Reimagining American Economic Leadership

Matthew Goodman, distinguished fellow and director of the Greenberg Center for Geoeconomic Studies at CFR, discusses CFR’s new RealEcon initiative and the role of state and local officials in contrib…

Play Flag and Trade

June 21, 2007

Financial Markets
Yes, Virginia, exchange rates do matter (JPY edition)

The yen depreciates.   Against the dollar, bien sur.   But especially against the euro and other European currencies.    Guess what happens?Japanese exports to Europe rose by nearly 18% (y/y) in May…

July 3, 2007

Emerging Markets
Yes, Virginia, exchange rates do matter: Indian Rupee (INR) edition

It seems like the rising cost of Bangalore software engineers is encouraging firms to produce more software in the US.Part of the (large) increase in the relative salaries of Bangalore software engin…

March 18, 2024

NATO (North Atlantic Treaty Organization)
What Is NATO?

The alliance is bolstering its military deterrent in Europe amid Russia’s invasion of Ukraine and has expanded to include Finland and Sweden.

Swedish soldiers participate in military exercises near Stockholm, February 2024.