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February 26, 2005

Capital Flows
Geoeconomics: What can we learn from the end of the “real” Bretton Woods system of fixed exchange rates?

Dan Drezner started a post with the Triffin dilemma, so I figure I too can digress into the realm of history.The Bretton Woods system of fixed exchange rates (Bretton Woods 1) collapsed, in some sens…

April 15, 2005

United States
First the President tells China that it is holding a bunch of worthless IOUs …

And now he tells China it really should revalue, in far stronger language than the US (or the G-7) has used before.It seems like Tim Adams, the incoming Treasury Under Secretary for International Aff…

April 17, 2005

Economics
A few things Europe does (relatively) well

Some Europeans enjoy taking a few rhetorical pot shots at America every now and then. More and more Americans enjoy reciprocating.I suspect that US criticism of Europe will step up a gear in the nea…

April 18, 2005

Financial Markets
Tactical Issue Linkages

Dan Drezner has an interesting post up, laying out the components of a "serious" approach to encouraging (or pressuring) China to change its exchange rate peg. He nicely lays out the options, thoug…

April 23, 2005

Economics
A glass half empty, in three different ways

It seems to me that there are three big risks - the result of what economists like to call imbalances -- hanging over the global economy, even leaving aside the possibility of an old fashioned oil su…