17 Results for:

July 30, 2009

China
repegged The Yuan

China has long pegged its currency to the Dollar.  After the USD started to depreciate against many currencies in 2002, expectations emerged that China would move away from a tight dollar peg.  Fol…

May 22, 2009

Monetary Policy
fedbalancesheet Fed’s Exit Strategy

Some assets on the Fed's balance sheet are short-term credits than could be withdrawn easily if confidence in financial institutions returns, but the Fed has also been buying longer term assets tha…

April 29, 2009

Monetary Policy
The Government Bank The Government Bank

The Fed recently reaffirmed its determination to expand its balance sheet. The crisis has already driven it to take on risky assets such as agency bonds and commercial paper. It has also lent to we…

October 19, 2009

China
2009.10.16.ChinaForiegnAssetChange China’s Dollar Addiction

China has accumulated a massive stock of U.S. dollar reserves in recent years. Statements of concern from China regarding the risk that U.S. economic policy might undermine the future purchasing po…

October 30, 2008

Monetary Policy
Fed Balance Sheet Fed Balance Sheet

Complementing the IMF’s $100 billion liquidity facility, the Federal Reserve has announced the establishment of swap lines with the central banks of Mexico, Brazil, South Korea, and Singapore for u…

September 30, 2008

United States
Bailout Failure Bailout Failure

Markets had their worst day since the 1987 crash following the House vote to reject Paulson’s rescue plan. The Federal Reserve and the Treasury are expected to hold things together through greater …

April 14, 2009

Elections and Voting
India’s Electoral Politics

As the world’s largest democracy goes to the polls, this Backgrounder looks at the laws, major players, and issues, including economic reform, caste, and religion, that have shaped India’s politics.

July 2, 2009

Financial Markets
abs-v-yield-curve2 "A more balanced economy might allow the world to live with a less perfect financial system"

Mike Dooley and Peter Garber argue (at VoxEU) that the recent crisis has nothing to do with “Bretton Woods 2” -- an international monetary system where reserve growth in the “periphery” financed defi…

February 10, 2009

Financial Markets
Toxic banks or toxic assets?

Two weeks ago, George Soros memorably framed the core choice the US now faces as a choice between buying toxic assets or taking over toxic banks. “The hard choice facing the Obama administration is …

March 13, 2008

Monetary Policy
Central bank intervention … unprecedented in scale and scope

Steven Pearlstein of the Washington Post -- the source of the quote in the title -- writes: "In the face of what is turning into the most serious financial market crisis since the Great Depressi…