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August 25, 2005

Capital Flows
Peter Galbraith and Iraq

I think the folks over at TPM Café are right: David Brooks' latest New York Times column is a real flip-flop.  He has gone from celebrating the United States firm commitment to universal democratic p…

February 1, 2006

United States
A debt-for-goods swap, not a debt-for-equity swap; and dark antimatter, not dark matter

Stephen Jen argues that the US-Asian relationship can be understood as a debt for equity swap.    Asian - led by China - buys US debt; the US buys Asian equities/ invests in Asian plant and equipment…

July 12, 2008

Monetary Policy
Too Chinese (and Russian) to fail?

The epicenter of the US financial crisis now seems to have shifted to Fannie Mae and Freddie Mac -- the government sponsored enterprises that dominate the market for US housing finance. Few inst…

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January 28, 2009

Monetary Policy
Central banks were not the big buyers of synthetic triple AAA …

Ricardo Caballero argues that the current crisis stems from (flawed) efforts to construct safe assets out of risky assets in order to meet a surge in investor demand for safe assets. He is on to som…

February 24, 2009

Immigration and Migration
Helping Mexico Help Itself

I wrote the following for a CFR "expert brief" which originally appeared here. Brazen assassinations, kidnappings, and political intimidation by drug lords conjure up images of Colombia in the earl…

Helping Mexico Help Itself