151 Results for:

May 10, 2006

United States
Self promotion watch (Treasury foreign exchange report edition)

I was interviewed by Adam Davidson of NPR about the Treasury’s forthcoming foreign exchange report (to be released at 4 pm today). You can hear the results here.    Adam Davidson also interviewed the…

April 1, 2006

Emerging Markets
Martin Wolf must have an amazing research assistant …

Either that or he has a lot of time on his hands.The powerpoint slides that accompany his John Hopkins lecture series on the Global Economy are amazing.  And not just because they are all shaded FT p…

May 21, 2006

Can an unbalanced world also be a (financially) stable world?

The answer in 2005 was yes.  The answer so far in 2006 is not necessarily. Every article in Saturday’s Financial Times – the paper version as well as the online version -- seemed to note in one way o…

November 1, 2006

Financial Markets
The club of puzzled dollar bears grows bigger

I am – and probably always will be – a big Robert Rubin fan.  In my view, 100 bills with Rubin's signature should trade at a premium, not a discount.But Rubin doens seem to be as good a currency …

July 3, 2006

United States
Paging Michael Mandel. I give up … there isn’t that much to worry about. At least not judging from the 2005 NIIP data.

OK, I am not really ready to give up.  But the 2005 net international investment position (NIIP) data sure didn't provide me much to work with.For a couple of years now I have been warning agains…

September 8, 2006

A trillion dollars doesn’t get the respect it used to …

At least not from Dr. Cowen. China will have a trillion dollars in reserves by the end of the year. A bit sooner actually -- a SAFE official recently indicated that China's reserves will to…

January 28, 2007

Politics and Government
The Davos lie

I am intrigued by a comment the often provacative Larry Summers made at a Davos seminar:Lawrence Summers, the former U.S. Treasury Secretary and Harvard University president, delivered some harsh cri…

October 25, 2006

Emerging Markets
James Dorn leaves me confused -

CATO’s Dorn attacks a coordinated policy response to global imbalances on the grounds that it presumes that governments have a better sense of the “right” exchange rate than the markets: A negotiated…

September 17, 2007

Financial Markets
The first true twenty-first century financial crisis?

Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century.   Mexico’s decision to exhaust its re…

July 30, 2007

Monetary Policy
The shift toward sovereign wealth funds: the policy debate

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…