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The lessons Europe has to offer for Asia's monetary integration
07.05.2007
By: Wolfgang Munchau
If you replace the “E” in some our European acronyms with an “A”, you get to the nutshell of one of the hottest debates in Asian economics: the debate about future monetary integration. There is talk about an Acu (an Asian currency unit), or an Amu (Asian monetary union). This raises the question to what extent the European experience offers any lessons.
Stop the press: A European central banker has been caught telling the truth
25.04.2007
By: ECB Watch
Question: How can you tell that a central banker is telling the truth? Answer: When he issues a denial. The Greek central bank governor Nicholas Garganas made a perfectly sensible remark about how a strong euro could make further interest rate increases unnecessary. We agree with his sentiment. Then he retracted his statement, and now we agree with his original statement even more.
Why the US economy is headed for a growth recession
24.04.2007
By: Wynne Godley, Dimitri Papadimitriou, Gennaro Zezza
In a report by the Levy Economics Institute at Bard College, the authors produce a model-based current account adjustment scenario for the US economy. They conclude "that there will be a growth recession from which there is no immediate prospect of recovery".
Why Europe will not decouple from the US
17.04.2007
By: Alan Ahearne, Bruegel and NUI Galway
Rightly, or wrongly, business leaders around the world see the US as a locomotive for the global economy. Until we see more internal dynamism in the euro area those perceptions are unlikely to change.
26.01.2007 Remember the Louvre Accord? We are not there yet, but exchange rate management will make a comeback
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