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November 3, 2007

Monetary Policy
If the governments of emerging economies stuck to buying bonds would everything be ok?

Bloomberg’s Matthew Lynn argues that those countries now fretting about the impact of sovereign wealth funds didn’t complain when sovereign governments bought huge quantities of bonds:   Nobody minde…

April 20, 2008

Economics
Inequality in America

Unions in the American manufacturing sector used to have the bargaining power to secure a middle class wage for their members. Not any more. And no one else – apart from corporate CEOs, hedge fu…

April 29, 2008

Emerging Markets
Borders still matter; “the world isn’t as flat as it used to be”

On Monday, Bob Davis of the Wall Street Journal argued that the world isn’t flat, or at least it “isn’t as flat as it used to be.” National borders matter more. Barriers to the free flow of go…

October 30, 2008

Monetary Policy
Fed Balance Sheet

Complementing the IMF’s $100 billion liquidity facility, the Federal Reserve has announced the establishment of swap lines with the central banks of Mexico, Brazil, South Korea, and Singapore for u…

Fed Balance Sheet

August 6, 2009

Monetary Policy
Lender of Last Resort

The U.S. and IMF bailout of Mexico in 1994 is often cited as a textbook example of a successful financial rescue. The economy stabilized allowing Mexico to pay back most of its loans in less than 2…

lenderoflastrestortagainsteuroarea