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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 …

March 13, 2013

Defense and Security
Worldwide Threats Briefing Highlights

Yesterday, the Senate Select Committee on Intelligence (SSCI) held its annual open hearing on “National Security Threats to the United States.” First started in 1994, the hearing is the rare instance…

Clapper and Brennan

June 5, 2013

Defense and Security
Hello, Susan Rice: National Security Adviser

When one door closes another one opens. Susan Rice can certainly vouch for that pithy piece of advice. Early last fall the U.S. ambassador to the United Nations looked to be a shoe-in to succeed Hill…

U.S. ambassador to the UN Susan Rice speaks in the Rose Garden after Obama's announcement that Rice will be his next national security adviser (Joshua Roberts/Courtesy Reuters).