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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January 26, 2005
Financial Markets
China reads the Economist. Is the Renminbi undervalued?
While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …
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…
June 16, 2009
Monetary Policy
Read Brender and Pisani’s “Globalised finance and its collapse”
I highly recommend Anton Brender and Florence Pisani’s recent monograph, "Globalized finance and its collapse." In a lot of ways, it is something that I wish I could have written. I don’t agree with …
February 15, 2013
TWE Celebrates Presidents’ Day
Monday is Presidents’ Day. It is a TWE tradition to recognize the forty-three men—and they have all been men—who have been president on Presidents’ Day with the following essay. Enjoy the three-day w…
