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June 5, 2005

Emerging Markets
Argentina completed its bond exchange (and my paper with Anna Gelpern on Argentina is now available too)

Some things do change. For the first time in a long time, Argentina is paying its international bonds. It completed its bond exchange last week, delivered the new bonds to its investors, and made t…

October 28, 2005

Sub-Saharan Africa
Africa’s Food Crisis

This publication is now archived. World’s hardest-hitIn quantitative terms, there is enough food available to feed the world’s 6.4 billion people, but 852 million people will still go hungry this yea…

November 28, 2005

Emerging Markets
No more Lavagna. What’s next for Argentina?

Two weeks ago I would have expected Brazil's Finance Minister to be forced out before Argentina's Finance Minister...   However, Palocci is a close ally of Brazil's Lula; Argentina's Lavagna has neve…

May 25, 2006

United States
You know, there are safe havens that do not have a current account deficit of $1 trillion …

Incidentally, I am not the only one who thinks that the US current account deficit is heading toward a trillion.   The OECD now forecasts $965b current account deficit in 2006 (7.2% of GDP), and $107…

June 8, 2006

Monetary Policy
You read it here first (Russia is diversifying its reserves)

I have been wrong about enough things that it is nice to be right (or at least sort of right) about something.  Particularly if it is something that I discovered as a result of a lot of sleuthing thr…