China widened the band around the RMB and raised (slightly) interest rates, with the rate on deposits going up more than the rate on lending.     It hardly seemed like a major policy shift to me – bu…

Treasury Secretary Paulson apparently plans to shift the focus of the Strategic Economic Dialogue away from the renminbi. John Brinsley and Li Yanping of Bloomberg report: "The currency issue …

The latest data from the Fed’s custodial accounts (money that the Fed holds for foreign central banks) is out. It indicates that the central banks reduced their holdings of Agencies from $958.6b las…

American commentators have argued that Russia’s current financial difficulties are evidence that Russia’s participation in the global financial system constrains Russian geopolitical adventurism. …

Rarely do nominees -- or even Treasury Secretaries -- make news in their written response to questions posed by Senators. But Tim Geithner’s comments on China yesterday tcertainly made news. I m…