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October 4, 2007

Financial Markets
2007 has been a lot better than 2005 for the dollar bears …

Some no doubt will take a revival of interest in a set of 2004 and 2005 papers (Rogoff-Obstfeld,  Krugman, Roubini-Setser, no doubt others) arguing that a real depreciation in the dollar is needed to…

em_reserves__euro

March 15, 2013

Politics and Government
Hello, Xi Jinping: President of China

Good news comes in threes. Just ask Xi Jinping. Back in November he was named Secretary General of the Communist Party of China and Chairman of China’s Central Military Commission. Yesterday he picke…

Xi Jinping at a meeting in Beijing on December 27, 2012 (Wang Zhao/Courtesy Reuters).

September 24, 2012

Defense and Security
Ask the Experts: Do Targeted Killings Work?

The United States did not always carry out targeted killings (or assassinations) of perceived national security threats. To the contrary, the norm against targeted killings outside of battlefield set…

Armed drone Afghanistan

April 24, 2008

Capital Flows
Adapting to the state’s growing role in global equity markets

Central bank purchases of traditional reserve assets still dwarf sovereign wealth fund purchases of riskier assets -- as well as central bank purchases of equities. But over time, it is reasonable …

June 27, 2008

Monetary Policy
Does the Fed’s mandate now extend to Beijing, Moscow and Riyahd?

The Financial Times, in a leader, says yes. If there were a Central Bank of the World its monetary policy committee would glance at today’s inflation rates and expectations of future inflation and …