524 Results for:

December 7, 2004

United States
No Warm Glow from the Nobel Prize Here

Or more precisely, one of this year’s Nobel Prize winners in Economics seems to disagree with parts of the analysis Nouriel and I have been putting forward. It seems like Nouriel and I don’t underst…

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…

July 10, 2005

China
Has a slowing Chinese economy eliminated domestic pressure for a renminbi revaluation?

Alan Greenspan told Senators Schumer and Graham that China would soon make its currency regime more flexible, and that they should hold off. They no doubt took "flexible" to mean "let its currency ap…

August 24, 2005

Financial Markets
Is Alan Greenspan encouraging moral hazard in … China?

Listen to one Chinese fund manager in this morning's Wall Street Journal:  "Mr. Zhu (who helps manage US dollar investments for the Bank of China) expresses confidence in the US dollar and the he…

November 3, 2005

Emerging Markets
What ever happened to US relations with Latin America?

One of the things that has fascinated me is that US-Latin America relations have soured so much under Bush's watch.  I think I am fascinated in part because I don't really buy the standard ex…

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

January 28, 2006

China
Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The…

March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the co…

January 10, 2006

United States
Directing the perennial dollar horror story

(Dollar) gloom and doom sells.  Even if it isn't true.So says Bloggin' Wall Street Folks who worry about the trade deficit are in denial. They cannot accept that in the new (financial globali…

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May 27, 2006

Emerging Markets
Have emerging markets changed more than the markets?

Is the lesson of the most recent bout of turmoil in the emerging world “emerging market economies have changed, but the markets have not”?How have emerging economies changed since 1997, the last time…