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December 31, 2008

Financial Markets
Relitigating 1998 at the end of 2008

Tyler Cowen argues that the “Committee to Save the World” made a mistake in 1998 by, well, saving the financial world. They thus missed an opportunity to teach the banks a lesson in sound risk-manag…

January 15, 2005

Economics
Latest speech of FRBNY President Tim Geithner

I pay a certain amount of attention to what New York Federal Reserve President Tim Geithner has to say just because he was my boss at the Treasury and the IMF (noted in the spirit of full blog disclo…

November 25, 2007

Financial Markets
Danish honesty (on the no-longer-strong dollar)

Teis Knuthsen of Danske Bank: “Secretary Paulson claims the strong dollar policy remains in place but also that FX rates should be set in the markets, a combination that is currency inconsistent.”…

July 19, 2006

China
Chinese growth accelerates, RMB depreciates

That was yesterday’s headline.   Or, given the time differences, perhaps the headline from two days ago. Chinese second quarter growth picked up to 11% plus.  The only real surprise here was that the…

May 2, 2006

Financial Markets
And the money keeps rolling in …

To Russia. In 1998, Russia was very short on cash.  It went to the IMF and got a $15 billion credit line.  When it didn’t hold up its end of the bargain – taking steps to collect a bit of revenue – t…