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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June 20, 2005
United States
Setser and Roubini respond to Levey and Brown: deficits do matter
The current issue of Foreign Affairs contains the rebuttal that Nouriel and I wrote to the David Levey and Stuart Brown’s "Current account deficits do not matter" article that appeared in the March/…
August 2, 2005
Monetary Policy
Does China have a higher - or lower - fraction of its reserves in dollars than Russia
David Altig has highlighted Russia's decision to reduce the dollar's share of its reserves from 70 to 65%. Russia raised the share of Europe's single currency to 35 percent from 30 percent, re…
August 10, 2005
China
Will an (onshore) forward market for the RMB change the world?
Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge" th…
August 18, 2005
Emerging Markets
Argentina, its (kind of) currency board, and its 1999-2001 crisis
Rather than writing a blog of my own, I have been busy discussing one of my favorite topics -- Argentina's crisis -- over in the comments section of Macroblog. David Altig and I don't always agree…
August 19, 2005
China
Comments on Dooley, Garber and Folkerts-Landau: part 1, China
As usual, Michael Dooley, Peter Garber and David Folkerts-Landau are provocative. And in a lot areas, the arguments made by those - like Dooley, Garber and Folkerts-Landau -- who argue that the Brett…
