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November 18, 2004

Taking away the punch bowl when the party is really getting going?

That is the classic view of the role of the central bank. It extends beyond using monetary policy to prevent "overheating" and price inflation. Most central bank regulate the banking system, and si…

Blog Post by Brad W. Setser Follow the Money

January 15, 2005

Economics
Latest speech of FRBNY President Tim Geithner

I pay a certain amount of attention to what New York Federal Reserve President Tim Geithner has to say just because he was my boss at the Treasury and the IMF (noted in the spirit of full blog disclo…

Blog Post by Brad W. Setser Follow the Money

February 16, 2005

Economics
Systemic risk

John Plender of the Financial Times has a nice (subscription only) survey of the risk that "systemic risk" (think LTCM/ 1998) may make an unwelcome comeback. Plender’s analysis clearly draws on New …

Blog Post by Brad W. Setser Follow the Money

March 22, 2005

Economics
What did I miss?

Let’s see.Paul Wolfowitz looks set to take over the World Bank. Oil is a bit over $56. That is not low, by any measure. I remember how much concern there was last summer when oil broke $40.The cur…

Blog Post by Brad W. Setser Follow the Money

March 23, 2005

Financial Markets
Lucky that the dollar is in the midst of a mini-rally …

Because if the dollar was heading the other way, as the New York Times noted Wednesday morning, there is no one left at the Treasury to mind the store. Under Secretary for International Affairs John…

Blog Post by Brad W. Setser Follow the Money