Philip K. Verleger, a well-known expert on the economics of oil, says that the current price of oil, which has dropped below $70 a barrel, has probably peaked for the moment. Yet he warns that any pr…

Poor countries tend to have relatively weak currencies – that is, there is a big gap between their currencies' nominal exchange rate and the exchange rate implied by “purchasing power parity.”   Or,…

Louis Kuijs’ latest analysis seems to suggest – based on my reading -- that three common perceptions of China are more myth than reality.     Myth one: foreign direct investment has been a big …

Emerging market economies with overvalued currencies now – generally speaking –have less overvalued currencies.   The Turkish lira was too strong at the beginning of the year.  Turkey’s current accou…