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April 18, 2005

Financial Markets
Tactical Issue Linkages

Dan Drezner has an interesting post up, laying out the components of a "serious" approach to encouraging (or pressuring) China to change its exchange rate peg. He nicely lays out the options, thoug…

July 10, 2005

China
Has a slowing Chinese economy eliminated domestic pressure for a renminbi revaluation?

Alan Greenspan told Senators Schumer and Graham that China would soon make its currency regime more flexible, and that they should hold off. They no doubt took "flexible" to mean "let its currency ap…

March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the co…

August 24, 2005

Financial Markets
Is Alan Greenspan encouraging moral hazard in … China?

Listen to one Chinese fund manager in this morning's Wall Street Journal:  "Mr. Zhu (who helps manage US dollar investments for the Bank of China) expresses confidence in the US dollar and the he…

July 28, 2006

China
The premier speaks, the analysts listen …

I no longer will be able to make fun of China for letting its exchange rate float between 7.991 and 7.999.   The RMB is now toying with 7.97.  China’s top leadership now seems convinced that maybe…

September 8, 2006

China
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…

August 9, 2007

China
The balance of financial terror, circa August 9, 2007

Back in early 2004, former Treasury Secretary Lawrence Summers highlighted the emergence of what he termed the "balance of financial terror."   China – and others – relied on the US for demand that t…

February 2, 2009

Emerging Markets
It wasn’t just the market ...

James Saft of Reuters worries that the crisis will lead to a shift away from the "Davos consensus," especially as the market’s power had pulled so many out of poverty. "the stuff underlying the Da…

February 4, 2011

Politics and Government
Friday File: Revolution and Reaction

Riot police clash with protesters in Cairo. (Goran Tomasevic/courtesy Reuters) Above the Fold. This week’s crackdown on anti-government protesters in Egypt makes clear that President Hosni Mubarak—o…

Riot police clash with protesters in Cairo January 26, 2011.

February 25, 2011

Politics and Government
Friday File: Washington Braces for the Showdown over the Government Shutdown

Senate Budget Committee Ranking member Jeff Sessions and House Budget Committee Chairman Paul Ryan speak in response to President Barack Obama's Fiscal Year 2010 budget in Washington. (Jason Reed…

Senate Budget Committee Ranking member Jeff Sessions and House Budget Committee Chairman Paul Ryan speak in response to President Barack Obama’s Fiscal Year 2010 budget in Washington