The Koreans, I suspect, let the cat out of the bag. Korea knows the value of reserves, and the risks of holding too few reserves. Indeed, absent an IMF loan and a last-second deal with their credit…

The former governor of Thailand’s central bank is being held accountable for squandering Thailand’s foreign exchange reserves defending the Baht peg back in 1997, and in a big way (though he is appea…

And more importantly, has the replacement of bond market vigilantes constantly searching for any indication inflation is coming back and penalizing any weakness in a country's public finances with fo…

I think the folks over at TPM Café are right: David Brooks' latest New York Times column is a real flip-flop.  He has gone from celebrating the United States firm commitment to universal democratic p…

I think it is fair to say that I profoundly disagree with this week's Economics Focus column in the Economist, and therefore, I suspect, with the underlying Genbert, McCauley, Park and Persaud paper…