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October 17, 2005

China
The US government has no idea what China intends to do with its exchange rate …

This Financial Times articles by Andrew Balls and Richard McGregor is worth reading.  It makes two key points:1. China did not give the US any hints what it plans to do next with its currency next.  …

October 24, 2005

China
No one forced China to import US monetary policy: Commentary on yesterday’s China commentary

Andrew Browne did something somewhat unusual in Monday's Wall Street Journal (see p. A2 of the print edition, unfortunately, I have not been able to find the link). He wrote about China, and got the …

January 6, 2006

Monetary Policy
Read Andrew Balls and Geoff Dyer on Chinese reserve management

I strongly recommend the latest by Balls (in DC) and Dyer (in Shanghai). It covers both sides of the "does China's reserve management matter" debate.  But it gets two key points absolutely right: Chi…

April 28, 2006

Why does China have a looser monetary policy than the United States?

We know why the global economy grew strongly in the first quarter.   Nothing changed.  Or rather, the basic pattern that has driven global growth for the past few years intensified.The US continued t…

May 22, 2006

Emerging Markets
The dollar is still a currency you run to …

At least if you have borrowed dollars to buy stocks in emerging economies that are tanking. The series of crisis that rocked emerging economies in the 1990s were a formative experience for me.   So M…