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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August 22, 2007
China
The one thing the US really exports to China
John Cassidy is right. The leading US export to China is high-quality housing debt. The toxic waste generally went elsewhere – thought there are now hints that China (perhaps the state bank…
February 24, 2008
Monetary Policy
Those stabilizing speculators …
Credit -- according to one widely quoted Deutsche bank report -- is on sale. All of it. Corporate bonds can be bought now for a lot less than a few months ago (see McCulley and Toloui’s figure 4)…
May 8, 2009
Capital Flows
ASEAN Fund
The Association of Southeast Asian Nations (ASEAN) along with Japan, China, and South Korea says it will launch a $120bn reserve fund, increasing the foreign exchange reserves that the region can d…
November 9, 2009
China
China’s ’Green Sputnik’?
Last month I testified before the Congressional-Executive Commission on China in Washington, D.C. The commission, which is co-chaired by Senator Byron L. Dorgan and Representative Sander M. Levin, mo…
December 14, 2009
China
The China Divide
Last week at a dinner in Washington, D.C. with a number of China experts, retired U.S. government officials and businesspeople, the table largely concluded that we should be “cautiously optimistic” a…