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January 18, 2017

China
China’s WTO Entry, 15 Years On

Late last year Tim Duy asked for an assessment of the decision to allow China to join the WTO, now that 15 years have passed. Greg Ip met the call well before I did, in a remarkable essay. But …

china-intervention-reserve-accumulation

August 17, 2007

Financial Markets
Conduits, SIVs, cash-hoarding, commercial paper restructuring and such

Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…

July 15, 2009

Chinese Reserves: Boiling Over Again?

This Rachel Ziemba, filling in for Brad Setser. I’m having technical upload issues so will add charts later but for now some thoughts on reserves Chinese reserves data released today seem to b…

July 26, 2013

Military Operations
You Might Have Missed: CIA in Pakistan, Syria, Special Ops in Trans-Sahara

Kathy Gannon and Sebastian Abbot, Criticism Alters US Drone Program in Pakistan, ABC News, July 25, 2013. The CIA has been instructed to be more cautious with its attacks, limiting them to high-valu…

April 2, 2009

Monetary Policy
Summitry, change and the global financial architecture

About three months ago, the editors of Finance and Development (an IMF publication) asked me to reflect on the lessons the effort to reform the international financial architecture in the 1990s holds…