238 Results for:

February 1, 2005

United States
One number to watch

My nomination for the single number that best captures the state of total’s world economy -- and a key risk going forward: The annual increase in central banks dollar reserves.It is not exactly a num…

May 27, 2005

United States
Bretton Woods Two and Trade Politics

The interest rate on the 10 year Treasury note is somewhere between 4.0-4.1% -- and the US seems to be having no trouble financing its current account (or its budget) deficit right now. The risk of…

May 23, 2005

China
Five myths (or half truths) about China and the renminbi

China’s exchange rate peg has attracted a lot of attention recently, in the market, among the public and in the press. (also here, here and many other places)Alas, too much of the commentary seems t…

May 30, 2005

United States
Memo to Kirstof: China has some responsibility for global imbalances too

Nick Kristof accuses the US -- Democrats in Congress in particular -- of scapegoating China, and blaming China for global economic problems (more accurately, the risk of global economic problems) tha…

July 18, 2005

China
If your reserves are growing by $300 billion a year

China indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …

April 15, 2005

United States
First the President tells China that it is holding a bunch of worthless IOUs …

And now he tells China it really should revalue, in far stronger language than the US (or the G-7) has used before.It seems like Tim Adams, the incoming Treasury Under Secretary for International Aff…

August 10, 2005

China
Will an (onshore) forward market for the RMB change the world?

Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge…

August 11, 2005

China
China’s economy in 2005 is not what it was in 2000

China always has depended on export-led growth.   It is a core reason why China has been so successful.  China is just trying to hold on to the core of its success in the face of political pressure f…

Exports to GDP

October 28, 2005

United States
Yet more on Bernanke and the savings glut

Brad DeLong seems to have dug up what Dr. Bernanke thought about fiscal deficits before he discovered the global savings glut ...  namely, structural fiscal deficits tend to raise real interest rates…

October 16, 2005

China
Is Tim Adams a closet Democrat? And some other musings on Snow’s trip to China

Clearly not, given his role in the Bush/ Cheney 2004 campaign. But he also seems to think China should develop a social insurance system to help spur domestic consumption.   Read Friday's Wall St…