…viewed as particularly inappropriate for countries that faced financial crises that reflected the “sudden stop” of short-term capital flows. The experiences of China and other Asian countries were cited as…

…which sector the Fed should be placed in.) And there are massive flows of funds between these sectors and the Private Domestic Nonfinancial sector. And: those other sectors can (do)…

…money really flows, I present this video from the Watson Institute. (via Didby at Hullaaloo.) I happen to agree, it would be nice if our president would get it straight,…

…who admitted grudgingly that “technically” Social Security does not affect the budget, but “in reality” if Congress has to pay back the money it has borrowed from Social Security, that…

…companies with identical addresses, suggesting circular flows in which what would be taxable profits in the United States were run through offshore entities with no discernible purpose except escaping tax….

James Tilson and Robert E. Prasch follow the money at New Economic Perspectives regarding the AIG bailout and a more accurate sense of costs. “If it’s too good to be…

…heels of run-ups before the crisis, sharp increases in real interest rates, and a slowdown or reversal in capital flows. In some cases, the crisis is triggered by depositor runs…

…many countries, trade liberalization was accompanied by deregulation of the domestic financial system and capital-account liberalization, giving rise to a rapid expansion of international capital flows. International finance gained a…

…world’s tradable oil flows each day) across the Indian Ocean, through the Straits of Malacca, and into the South and East China Seas. To this day, these maritime corridors remain…

…some lessons… … The fundamental trilemma of international finance maintains that a country cannot simultaneously peg an exchange rate, maintain an independent monetary policy, and permit free cross-border financial flows…