665 Results for:

November 12, 2004

Capital Flows
Geopolitics of a new G-7

There is a growing sense that the G-7 no longer is the right grouping for discussing today’s major international macroeconomic issues. It is hard to see, for example, how you can discuss "global reb…

February 26, 2005

Capital Flows
Geoeconomics: What can we learn from the end of the “real” Bretton Woods system of fixed exchange rates?

Dan Drezner started a post with the Triffin dilemma, so I figure I too can digress into the realm of history.The Bretton Woods system of fixed exchange rates (Bretton Woods 1) collapsed, in some sens…

December 29, 2004

If you cannot beat em, join em

Daniel Gross’s article on the currency preferences of the world’s underworld is too good not to link to. It seems like the world’s drug lords are less willing than the People’s Bank of China to fina…

January 5, 2005

Capital Flows
Competitve compassion: the coming development debate

Act one: Tsunami. A few well-timed comments on stinginess produced an outpouring of aid.Act two: The UK plans a "development" G-8 summit. The summit won’t happen for a while, but the real negotiati…

February 17, 2005

Can Germany learn something from France?

The good capitalists at Morgan Stanley seem to think so.Not all of old Europe has anemic domestic demand.French (and Spanish) domestic demand is doing just fine ... And new Europe (sort of) Italy, ru…

December 24, 2004

Financial Markets
Euro continues to soar, renminbi hits new lows …

If anyone thinks that what the world really needs right now is a weaker Chinese renminbi, do let me know. Yet that is exactly what the markets have delivered this week ... It seems pretty clear that…

June 16, 2005

Economics
A global savings glut, a global housing market bubble?

Alan Greenspan says there is no national bubble, just pockets of local froth. Or to the housing sector’s in house economists, just a few healthy suds floating on top of a healthy market. Then again,…

August 5, 2005

Capital Flows
China, the US and the geopolitics of oil

The CNOOC Unocal saga is over. But CNOOC's ambitions remain: Energy market experts now expect Cnooc, which is controlled by the Beijing government, to explore opportunities throughout the Asia-Pa…

July 19, 2005

A manufacturing boom?

Tim Duy highlighted a Wall Street Journal story on Monday that puts forward the case that the US manufacturing sector is booming. I did not find Journal's argument entirely convincing. After all…

May 22, 2005

Financial Markets
That strong renminbi (ok, that strong dollar)

The RMB has appreciated by about 7% against one of China’s major trading partners this year. Not the US, obviously. But that doesn’t mean that China is not exposed to moves in the dollar-euro, or t…