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September 27, 2006

Financial Markets
Paulson may (or may not) have a strong dollar policy …. New Zealand, though, clearly doesn’t have a strong kiwi policy

It is perhaps a sign of the times that the US is encouraging China to provide the US with a bit less financing (the US of course, has a strong RMB policy, not a weak dollar policy) and New Zealand’s …

October 26, 2007

Financial Markets
Oil up, dollar down

Oil currently trades above $90. It currently takes more than 1.43 dollars to buy a euro.    The dollar isn’t just at a record low against the euro either.  It is weak against a host of curren…

September 19, 2007

United States
The July TIC data

A few quick observations on yesterday's TIC data.Foreigners sure didn't like US long-term debt in July.   The "quality" of the financing of the US deficit fell dramatically.   Almost all the …

April 17, 2008

Financial Markets
Surplus countries depreciating when they should be appreciating

Most Asian currencies have depreciated significantly against Europe since 2003. And don’t get me started about the Gulf. It remains wed to the depreciating dollar even as oil soars. Following the …

November 17, 2008

Financial Markets
The G-20 communique

The G-20’s communiqué offered a surprisingly robust work program for regulatory reform. MIT’s Simon Johnson even worries that it may be too robust – and push banks to scale back their lending in a …

November 25, 2008

Capital Flows
Bonfire of sovereign wealth funds?

Only a few sovereign funds disclose their performance. But it reasonable to think that many sovereign wealth funds – particularly the well-established funds that invested heavily in equities – have …

October 25, 2008

Monetary Policy
One easy thing China could do to help stabilize global markets: buy Agencies!

There is constant talk – too much, in my view – about whether sovereign funds will come to the rescue of western financial institutions. Qatar did put a large sum of money into Credit Suisse rec…

February 10, 2009

Financial Markets
Toxic banks or toxic assets?

Two weeks ago, George Soros memorably framed the core choice the US now faces as a choice between buying toxic assets or taking over toxic banks. “The hard choice facing the Obama administration is …

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…

June 4, 2009

Change or more of the same?

Simon Johnson poses the core question facing the United States and China well: If [China] doubles [its] holdings of US dollar assets over the next couple of years (let’s say, going towards $4trn), e…