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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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September 29, 2005
Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?
Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…
September 17, 2007
Financial Markets
The first true twenty-first century financial crisis?
Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century. Mexico’s decision to exhaust its re…
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…
June 5, 2013
Defense and Security
Hello, Susan Rice: National Security Adviser
When one door closes another one opens. Susan Rice can certainly vouch for that pithy piece of advice. Early last fall the U.S. ambassador to the United Nations looked to be a shoe-in to succeed Hill…
April 15, 2007
United States
Unimpressive (the results of the IMF’s experiment with multilateral consultation)
Macro Man asked the IMF to sort out a world where the US current account deficit is increasingly financed by the growth in emerging market reserves (and the expansion of a few investment funds). …