202 Results for:

December 11, 2006

Financial Markets
The GCC’s dollar peg …

China will have a current account surplus of over $200b this year.  China has about 1.3 billion people.   The GCC countries (Saudi Arabia and the small states on the Gulf) will also have a current ac…

October 2, 2007

Monetary Policy
Central banks came close to financing the entire US current account deficit over the past four quarters

I have been reserve-obsessed for quite some time now.   The uphill flow of funds from the emerging economies to advanced economies strikes me as the defining feature of today's global economy.   That…

cofer_q2_2007_graph_1

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 …

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 …

December 7, 2007

Monetary Policy
Are central banks diversifying away from the dollar?

Opinion -- informed opinion -- is divided.The currency team at the Bank of New York says yes.  Simon Derrick wrote on Monday:"our own view [is] that one of the driving forces behind the EUR’s sustain…

cofer_dollar_share