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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…

Blog Post by Brad W. Setser Follow the Money

May 7, 2012

Defense and Security
Hello, François Hollande: President of France

Streaks are made to be broken. After seventeen years on the outside looking in, a Socialist Party candidate has finally returned to the French presidency. François Hollande defeated Nicolas Sarkozy b…

Hollande-France-President-20120507
Blog Post by James M. Lindsay The Water's Edge

September 29, 2005

Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?

Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…

Blog Post by Brad W. Setser Follow the Money

April 29, 2008

Emerging Markets
Borders still matter; “the world isn’t as flat as it used to be”

On Monday, Bob Davis of the Wall Street Journal argued that the world isn’t flat, or at least it “isn’t as flat as it used to be.” National borders matter more. Barriers to the free flow of go…

Blog Post by Brad W. Setser Follow the Money