38 Results for:

July 6, 2007

Emerging Markets
One more reason China and Russia are not quite as welcoming to foreign direct investment these days…

They don't need the money.Deborah Solomon's interesting A1 Wall Street Journal story about the US Treasury's concerns that the world may not be quite as open to US direct investment as it…

February 14, 2002

Middle East and North Africa
Harnessing Trade for Development and Growth in the Middle East

Overview Many observers of the Middle East and North Africa (MENA) believe the lack of economic prospects and poverty in the everyday life of people in the region contribute to extremism, and perh…


April 29, 2008

Emerging Markets
Borders still matter; “the world isn’t as flat as it used to be”

On Monday, Bob Davis of the Wall Street Journal argued that the world isn’t flat, or at least it “isn’t as flat as it used to be.” National borders matter more. Barriers to the free flow of go…

March 5, 2008

What can not go on forever seems to be going on forever: China’s amazing January reserve growth

Let’s just say that Wang Qishan has his work cut out for him.Reuters reports that China’s reserves increased by $61.6b in January alone. That is a stunning sum. $60b is roughly the size of the US m…

May 20, 2008

Stein’s law, China edition ... What can not go on forever

Back in 2005, the rise in the ratio between home price and rents, the unusual rise in real home prices and the rise in household debt relative to income seemed, at least according to some, to be an…


September 15, 2005

Why is consumer demand so weak in Germany?

David Wessel writes in today's Wall Street Journal: "Germany, alas, is showing few signs of a Japanese style rebound.  It is, essentially, relying on lower wages to make exports more competitive …

July 10, 2007

Monetary Policy
BRIC reserve growth … $200b, $400b, $800b, even bigger?

As Felix notes, I am reserve-obsessed.   For good reason, I would argue.  Right now, central bank reserve accumulation is driving the global flow of capital.  Private markets have been out-gunned.We …


November 25, 2007

Financial Markets
Danish honesty (on the no-longer-strong dollar)

Teis Knuthsen of Danske Bank: “Secretary Paulson claims the strong dollar policy remains in place but also that FX rates should be set in the markets, a combination that is currency inconsistent.”…

May 18, 2007

Exchange rates don’t matter. At not least not the RMB/ dollar …

Sometimes it seems that the larger China’s current account surplus – and the bigger the share of the US current account deficit financed by China’s government – the more insistent the Economist becom…

June 12, 2008

Emerging Markets
Can the debate over trade – or globalization – be separated from the debate over exchange rates?

I am often struck by how frequently debates over trade – and, more broadly, globalization – don’t bother to mention what strikes me as the most salient fact about contemporary globalization, namely …