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November 17, 2008

Financial Markets
The G-20 communique

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 …

February 10, 2009

Financial Markets
Toxic banks or toxic assets?

Two weeks ago, George Soros memorably framed the core choice the US now faces as a choice between buying toxic assets or taking over toxic banks. “The hard choice facing the Obama administration is …

December 7, 2007

Monetary Policy
Are central banks diversifying away from the dollar?

Opinion -- informed opinion -- is divided.The currency team at the Bank of New York says yes.  Simon Derrick wrote on Monday:"our own view [is] that one of the driving forces behind the EUR’s sustain…

cofer_dollar_share

June 16, 2015

Defense and Security
Top Ten Findings of the CIA Inspector General’s Report on 9/11

Last week, in response to long-standing FOIA requests, the CIA declassified—with significant redactions—five documents related to the terrorist attacks on September 11, 2001. The most notable was a J…

CIA HQ

April 2, 2009

Monetary Policy
Summitry, change and the global financial architecture

About three months ago, the editors of Finance and Development (an IMF publication) asked me to reflect on the lessons the effort to reform the international financial architecture in the 1990s holds…