Governed by the gutless?
Alan Beattie’s new booklet “Who’s in Charge Here” (Amazon) is an amusing, accurate, accessible account of the current mess in global financial and tra...
Tag: imf
The limits of WTO litigation
Good sense from a former Chair of the WTO Appellate Body. "It is in the best interest of both countries to continue negotiating on the currency issue rather th...
Rotten ideas about the renminbi
The prospect of a U.S.-China clash over currency controls next month when the U.S. Treasury Secretary is supposed to pronounce on China's 'currency manipulation...
Market and PPP measures of GDP
In comments on the previous post, Ian Castles AO, the former Australian Statistician, notes that the World Bank and IMF create confusion in their reports by m...
Bad plus bad equals worse
The key piece of bad news, today, from Chapter 3 of the IMF World Economic Outlook Recessions that are associated with both financial crises and global downtu...
“What is to be done?”
Lenin recommended it. Now Simon Johnson moves from blaming the elites to organizing against them. "We have to break up any bank that's 'too big to fail' so tha...
Renminbi reserve currency?
A development worth watching: "Economists say the SDR plan is unfeasible for now but see Beijing’s currency swap deals [with Argentina, Malaysia, Indones...