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September 25, 2015

Iran
Weekend Reading: Iran’s Parliament, Syria Divided, and Egyptian Illusions

Farideh Farhi explores the Iranian parliament’s review of the nuclear deal. Abdulrahman al-Rashed examines the consequences of a divided Syria. Maged Atiya discusses the illusions and theatricality…

WR09252015

September 6, 2016

China
Imbalances Are Back, In Asia and Globally

The Economist, inspired in part by a recent paper by Caballero, Farhi and Gourinchas, highlighted two key points in its free exchange column criticizing Germany’s surplus: a) Global imbalances have …

CA Europe and Asia

June 5, 2009

Monetary Policy
The return of Bretton Woods Two? (or Bretton Woods 2.1?)

If you read the headlines earlier this week, you might well have concluded that the dollar’s days as the world’s leading reserve currency are numbered. Yu Yongding of China’s Academy of Social Sc…

April 1, 2006

Emerging Markets
Martin Wolf must have an amazing research assistant …

Either that or he has a lot of time on his hands.The powerpoint slides that accompany his John Hopkins lecture series on the Global Economy are amazing.  And not just because they are all shaded FT p…

September 12, 2007

United States
A savings glut, not an investment drought -

So argues Ben Bernanke.   His basic argument is very simple.  The emerging world now has a large and growing current account surplus that finances a large and growing current account defic…