33 Results for:

August 1, 2005

China
Can China add close to $300 b to its reserves a year and have no impact on the bond market?

Rarely do I disagree with the premise of an article more than with the Mark Whitehouse  Friday C1  Wall Street Journal article "China's Move Makes No Waves in Bond Market." Premise.  China moved…

April 18, 2006

China
Not working — China’s attempts to rebalance its economy

China's leaders talk of rebalancing the basis for Chinese growth, shifting from exports and investment to consumption.   That makes a lot of sense to me.  China's economy is every bit as unba…

August 29, 2006

Economics
Wages, Walmart and the debate about the Global Economy -

Both the Financial Times (Krishna Guha) and the Wall Street Journal (Greg Ip) ran articles summarizing the papers presented at Jackson Hole.   I liked Guha’s summary more than Ip’s summary, largely b…

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…

China Reserves Graph

October 26, 2006

Monetary Policy
Trillionaires R Us

The rewards for guestimating the currency composition of China’s reserves pale relative to the rewards for lending your credibility to China’s effort to clean up and recapitalize its banking system. …

May 1, 2005

China
Will China get hit by the cover jinx?

It is a bit hard to start shorting the renminbi (RMB/ the Chinese currency) just because China has now made its appearance on the cover of Newsweek. It is hard to short something that has yet to be …

May 18, 2007

China
Exchange rates don’t matter. At not least not the RMB/ dollar …

Sometimes it seems that the larger China’s current account surplus – and the bigger the share of the US current account deficit financed by China’s government – the more insistent the Economist becom…

February 6, 2006

China
China reserve watch

I often launch into rants triggered by statements about China's reserve growth - and about hot money flows - that seem to be based entirely on the reported increase on China's reserves. My be…

chart 1

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).     …

February 28, 2011

Economic Crises
Global Solutions for the Global Economic Crisis

World Bank's Justin Yifu Lin outlines how domestic policies such as reduced capital outflow and increased investment in infrastructure, can hinder a rapid recovery for the global economy.