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June 26, 2007

Brazil
Visiting Brazil

I’ve been in Rio de Janeiro these last two days. The police presence in this city is impressive, as the city and state government prepare for the Pan American games in a couple of weeks. Police cars …

December 9, 2007

Financial Markets
The GCC revaluation watch continues …

The GCC leaders didn't agree to change the GCC's peg to the dollar, but the issue is not dead.  Ahmet Akarli of Goldman writes: Bahrain Foreign Minister Al-Khalifa told Reuters on Sunday tha…

December 18, 2007

United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)

Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…

setser_gross_private_flows_01

January 2, 2008

United States
America’s Achilles heel?

Before my September lecture on the relationship (if any) between external debt and external power, I read a lot of Niall Ferguson.  I even used the financial troubles of Egypt’s khedive - troubles Dr…

January 11, 2008

United States
Oil (enough said). The November US trade data

The US November trade deficit is a bit larger than expected for the exact same reason China’s December surplus was a bit smaller than expected. Both countries import oil, pushing up their import bi…

April 15, 2008

United States
Disappearing into London … The latest TIC data

I got my hopes up after the January TIC data. For the first time in a long time, the TIC data matched what I though I knew about the global flow of funds. Central bank reserve growth was very str…

uk_survey

May 12, 2008

Capital Flows
Sovereign Economic Development Funds ….

Sovereign funds argue that they are only interested in financial returns. And to be sure, they do care about financial returns. Losing money generally isn’t good for a sovereign fund’s long-term h…

February 17, 2009

Capital Flows
How Worried Should We Be About Dubai?

Note: This post is by Rachel Ziemba of RGE Monitor, filling in while Brad is off in the mountains. Many thanks to Brad for letting me fill in again.  I pay attention to macro events in China and sev…

Liabilities of BIS banks to UAE

August 18, 2009

Immigration and Migration
What to Read on Mexican Politics

What are the 6 books you find most useful in thinking about Mexican politics? Foreign Affairs asked me for my list. I’d be interested in yours…

bug

January 1, 2010

South Korea
Michael Finnegan: Korea’s Return to Afghanistan

Michael Finnegan is a senior research associate at the National Bureau of Asian Research. The Republic of Korea (ROK)’s pledge to return to Afghanistan, after more than two years of absence, can be…

Afghanistan South Korea