Apr 9, 2007

A way forward for global financial policy

CAMBRIDGE, Mass. — Financial globalization is exploding. Yet, as the world’s leading finance ministers and central bankers convene in Washington this month for the semiannual International Monetary Fund board meetings, policy paralysis continues. There is simply no agreement on how to address glaring problems ...

Feb 12, 2007

Lucky feeling helps to prop up U.S. dollar

CAMBRIDGE, Massachusetts — Many people have been asking why the dollar hasn’t crashed yet. Will the United States ever face a bill for the string of massive trade deficits that it has been running for more than a decade? Including interest payments on past ...