Schumer-Graham won't be brought to a vote until September.   China's central bank governor Zhou must  be persuasive.  Maybe he plotted out where the RMB will likely be if China continues with its cur…

Via Menzie Chinn of Econbrowser comes word that the IMF has released its latest data on global reserves.   For reserve data and capital flows data geeks, this is big news.  I have been trying to use …

At the end of my post yesterday, I noted that the year over year growth rate in non-oil exports - 9.3% -- might be a bit misleading.   In 2006, the Chinese new year slowed US imports in February; in …

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,…