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June 21, 2007

Financial Markets
Yes, Virginia, exchange rates do matter (JPY edition)

The yen depreciates.   Against the dollar, bien sur.   But especially against the euro and other European currencies.    Guess what happens?Japanese exports to Europe rose by nearly 18% (y/y) in May…

July 3, 2007

Emerging Markets
Yes, Virginia, exchange rates do matter: Indian Rupee (INR) edition

It seems like the rising cost of Bangalore software engineers is encouraging firms to produce more software in the US.Part of the (large) increase in the relative salaries of Bangalore software engin…

February 16, 2024

United States
Campaign Roundup: Donald Trump Says He Will Not Protect “Delinquent” NATO Members

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: The forty-fifth president says he will encourage Russia to attack NATO countries who don’t spend en…

Trump Photo

December 18, 2007

United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)

Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…

setser_gross_private_flows_01

December 28, 2023

United States
Remembering Ten Americans Who Died in 2023

As 2023 comes to a close, here are ten Americans we lost this year who made a mark in foreign policy. 

Half-staff flag

March 5, 2021

Cybersecurity
Cyber Week in Review: March 5, 2021

Hacktivist targets far-right platform Gab; China to suspend bitcoin mining in Inner Mongolia; Virginia adopts data privacy legislation; Moscow metro to adopt facial recognition payment system; and Yo…

An employee wearing a protective mask uses a device to take passengers' body temperature near a mosaic artwork, which depicts German philosopher Karl Marx, at an entrance to a metro station in central Moscow.