Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
January 11, 2005
Emerging MarketsBefore Argentina’s default, Adam Lerrick thought the IMF (or the G-7) should offer to buy Argentina’s bonds at 60 cents on the dollar. Argentina is now offering bondholders an exchange that will be …
January 13, 2005
Emerging MarketsAn extremely esoteric topic: Paris Club comparability.When the Paris Club grants debt relief to a country like Iraq, it typically requires that the country seek "comparable" debt relief from its othe…
January 30, 2005
Financial MarketsApparently, Mr. Jen thinks the dollar -- despite the United States’ 6.2% of GDP current account deficit -- is significantly undervalued against all major currencies, and fairly valued against most As…
February 26, 2005
Emerging MarketsArgentina is on the verge of completing one of the largest sovereign debt restructurings in history. Argentina is seeking to restructure about $82 billion in bonds, plus $21 billion or so in past d…
June 19, 2005
ChinaReuters has done a nice wrap up of what we know -- and more importantly what we don’t know -- about how China manages its reserves. They correctly note that the TIC data misses so much that it, alon…