1,086 Results for:

September 29, 2005

Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?

Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…

November 17, 2005

China
Can the Pentagon balance Chinese power …

with money the Treasury borrows from China?  Ok, China, Russia and Saudi Arabia ... The answer so far has been yes.   The Pentagon - or at least influential voices in the Pentagon - want to discoura…

December 19, 2005

China
The Chinese conundrum: External (financial) strength, domestic (financial) weakness

I disagree with Michael Mandel on the US current account deficit - I think it is a concern, he doesn't.  We also disagree on the US fiscal deficit.   He doesn't think it is a big problem; I d…

January 5, 2006

Economics
De-internationalization of the Wall Street Journal?

The Wall Street Journal is dropping the "International" page of its US edition.  "International coverage" is now - according to the publisher - fully integrated into the Journal's coverage of all…

January 13, 2006

United States
On the origins of dark matter

Stephen "Current accounts almost always don't matter" Jen is intrigued by Ricardo Hausmann and Fredrico Struzenegger's discovery of dark matter.   Lots of others are too.   Michael Mandel for…

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February 5, 2006

United States
Is national income accounting biased against the US?

In a fake news classic, Rob Corddry and Jon Stewart of the Daily Show once pondered how to report "the facts" when "the facts themselves were biased."  Michael Mandel seems to think the facts are bia…

February 13, 2006

Monetary Policy
It is back. Bretton Woods 2 (central bank financing of the US)

Some would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005.  Best I can tell, adjusting for valuation effects and including all the foreign assets o…

February 15, 2006

Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter

I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightl…

February 25, 2006

China
Is China’s peg creating more problems than benefits for China?

 Stephen "current account deficits don't matter, at least not in the dollar zone" Jen is starting to sound a bit like Brad "Doom and Gloom caucus, trade deficit division" Setser. At least on Chin…

February 28, 2006

Financial Markets
Things that keep the President of the New York Fed up at night

The current account deficit, obviously.    NY Fed President Geithner isn't quite in the same place as Bernanke, at least in Bernanke's White House incarnation.And credit derivatives.   Partic…