This is Brad Setser once again. I am back from my spring break. I want to thank Dr. Frankel and Rachel Ziemba for taking my place last week. No one in their right mind paid much attention to the …

If you cannot tell from the title, this is going to be a rather wonky post. Nouriel and I are working on a paper on "Bretton Woods Two," so I have been delving into some data on the Treasury market. …

Some would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005.  Best I can tell, adjusting for valuation effects and including all the foreign assets o…

The G-20’s communiqué offered a surprisingly robust work program for regulatory reform. MIT’s Simon Johnson even worries that it may be too robust – and push banks to scale back their lending in a …