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China's Currency Rises in the US Backyard 30 Nov -0001 | 12:00 am

The Republican presidential candidate Mitt Romney last week repeated his promise to declare China a currency manipulator on his first day in office. Even discounting the "get tough on China" bluster o...

Is India Losing Its Way? 30 Nov -0001 | 12:00 am

That was the question that the Economist magazine posed to Shashi Tharoor and me to debate. After two rounds of sparring, this is how I concluded. For every cheery statistic that Tharoor invokes, the...

Lithuania's Elections: Protest but No Earthquake 30 Nov -0001 | 12:00 am

Lithuania held the first round of its parliamentary elections on October 14, setting in motion the likely ouster of the center-right government of Prime Minister Andrius Kubilius by a center-left gove...

The First Step in Europe's Banking Union: Difficult but Achievable 30 Nov -0001 | 12:00 am

The leaders of euro area countries made an unprecedented commitment when they issued a statement on June 29 starting with the words, "We affirm that it is imperative to break the vicious circle betwee...

Interview: China and the Presidential Debate: Clarifying the Record 30 Nov -0001 | 12:00 am

Part I Nicholas R. Lardy explains that contrary to assertions in the debate, China has allowed its currency to appreciate 30 percent in the last seven years. Part II Nicholas R. Lardy says that lab...

Comments on "Methods of Policy Accommodation at the Interest-Rate Lower Bound" by Michael Woodford [pdf] 30 Nov -0001 | 12:00 am

If Michael Woodford says it is daunting to present his paper in front of this distinguished audience, you can imagine how daunting it is to be the discussant of his paper, which is probably the longes...

Interview: Turmoil at Gazprom: Is Its Demise Imminent? Part II 30 Nov -0001 | 12:00 am

Anders ├ůslund says the collapse of profit potential at Gazprom appears to be shaking the administration of President Putin, forcing him to deal with charges of corruption.

Has the IMF Missed the Point on Public Debt Overhangs? 30 Nov -0001 | 12:00 am

The October World Economic Outlook of the International Monetary Fund (IMF), issued semi-annually, contains an ambitious chapter 3, "The Good, the Bad, and the Ugly: 100 Years of Dealing with Public D...

The Renminbi Bloc Is Here: Asia Down, Rest of the World to Go? [pdf] 30 Nov -0001 | 12:00 am

A country's rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies tracking it implicitly or explicitly. For a sample comprising emerging ...

Interview: Iran's Bizarre Dilemma: Hyperinflation and a Currency Shortage 30 Nov -0001 | 12:00 am

Anders ├ůslund explains how countries cope with hyperinflation and a currency shortage: Vodka, cigarettes, and other commodities become the new ersatz currency.

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