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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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December 13, 2007
United States
Richard Iley on the US current account deficit
Richard IleyBrad Setser: Richard Iley of BNP Paribas – the author, with Mervyn Lewis, of a new book on the US current account deficit --- doesn’t see the world quite the way I do. I put a l…
July 26, 2005
Europe
Mining European data
I spent some time over the weekend delving into the Eurozone balance of payments data published by the ECB in its monthly bulletin, looking for insights into the global flow of funds. But to jazz thi…
September 17, 2007
Financial Markets
The first true twenty-first century financial crisis?
Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century. Mexico’s decision to exhaust its re…
September 21, 2006
China
Why China’s $1 trillion in reserves are unlikely to be of much use in a banking crisis
It is rather hard to read Andrew Browne’s report of the building boom in Zhengzhou in last week’s Wall Street Journal --- or for that matter many other accounts of China’s current investment boom – a…