This article at Voxeu reminded me that exchange rate pegs might come back in vogue. Voxeu has an article on the “trilemma” of ’emerging’ economies: Do sterilised interventions allow countries…

…changes in position, such as price and exchange-rate changes, of –$1.06 trillion (table 2). Price changes of –$2.23 trillion reflected U.S. stock price increases exceeding foreign stock price increases, which…

…announcements by the other policymakers. The countries in the sample were then divided between those viewed as possessing “robust” fundamentals, with current account surpluses, large holdings of foreign exchange reserves…

…much of which is denominated in foreign currencies. Aggregate currency mismatches are not a cause for concern due to the large foreign exchange holdings of the central banks of many…

…less flexible exchange rate regimes are associated with increases in bank credit and a higher share of foreign currency in bank credit. On the other hand, the exchange rate regime…

…often characterized by holdings of equity and debt liabilities—“long equity, short debt’’—while the emerging market economies hold large amounts of debt and foreign exchange reserves and are net issuers of…

…crowd of conservative donors on Saturday that “the most significant foreign policy decision” of his lifetime was when Ronald Reagan fired 11,000 air traffic controllers. … “Candidly, I think foreign…

The IMF released its Q3 2010 Currency Composition of Official Foreign Exchange Reserves (COFER) report. The COFER database provides the breakdown of official central bank portfolio holdings by currency across…

…at the Fed would remain the same. In theory, the banking system reduces excess reserves—but only by expanding loans and the money supply in a way that increases required reserves…

…a new study by the U.S. Geological Survey. Put into perspective, the U.S. “official” estimate for total oil reserves is 21 billion barrels. So by putting our Arctic resources into…