Those aren’t my words. They are the title of a chart -- "the CNY is not really appreciating" -- in Standard Chartered’s March 19 FX alert, an alert produced by Callum Henderson, David Mann and Step…

Niall Ferguson had a big weekend.   His article on the United States’ propensity to go into debt gets published in the New York Times Magazine.  He compares the US economy to a dinosaur named debtlod…

Fred Bergsten has long advocated in favor of a bit more exchange rate coordination – both to limit volatility and to try to avoid large misalignments among the major currencies.   Right now, the most…

Before my September lecture on the relationship (if any) between external debt and external power, I read a lot of Niall Ferguson.  I even used the financial troubles of Egypt’s khedive - troubles Dr…