Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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March 31, 2011
Politics and Government
Is Operation Odyssey Dawn Constitutional? Part III
Yesterday I noted that many legal scholars believe that while the text of the Constitution may not have given presidents an independent war-making authority, they have acquired that through two …
January 7, 2007
Monetary Policy
Dollar and euros — not dollars or euros. And more dollars than euros in 2006
I have every incentive in the world to find evidence that central banks have diversified away from the dollar. I like being right as much as the next guy. Back in early 2005, Nouriel and I -- bui…
August 17, 2007
Financial Markets
Conduits, SIVs, cash-hoarding, commercial paper restructuring and such
Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…
October 23, 2007
Emerging Markets
Emerging economies accomplish something beyond the reach of the G-7
The FT notes, in today’s leader, that the G-7 hasn’t been able to agree on the massive, co-ordinated intervention needed up hold the dollar up against the euro. The euro, and commodity currencies suc…