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March 26, 2013

Politics and Government
Hello (Welcome Back), Shinzo Abe: Prime Minister of Japan

If at first you don’t succeed, try, try again. That old saying could be the motto of Japanese prime minister Shinzo Abe, who today marks the end of his third month in office. You see, he had this job…

Japanese prime minister Shinzo Abe addresses cadets during a graduation ceremony at the National Defense Academy of Japan (Kiyoshi Ota/Courtesy Reuters).

July 14, 2015

Elections and Voting
Campaign 2016: Governor Chris Christie, GOP Presidential Candidate

One hundred and three years have passed since the last time a sitting New Jersey governor was elected president. Current New Jersey Governor Chris Christie hopes to break that streak. He announced tw…

New Jersey Governor Chris Christie formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally at Livingston High School in Livingston, New Jersey

September 18, 2005

United States
Synthetic CDOs, China and Systemic Risk

I suspect the stock of outstanding synthetic credit derivatives -- $ 1500 b in synthetic CDOs in 2004 v. $300 b or so in 2001, according to Mark Whitehouse of the Wall Street Journal -- is the only t…

September 21, 2006

China
Why China’s $1 trillion in reserves are unlikely to be of much use in a banking crisis

It is rather hard to read Andrew Browne’s report of the building boom in Zhengzhou in last week’s Wall Street Journal --- or for that matter many other accounts of China’s current investment boom – a…

January 18, 2008

Monetary Policy
The new (financial) world order

In 2007: China’s government added $430b to its foreign exchange reserves. Russia’s government added $150b to its foreign exchange reserves. China’s state banks likely - this is the only…