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05.02.2009
By: Ronald McKinnon
This is the beginning of a discussion series on new currency regimes. Ronald McKinnon argues that the four priorities for reform should be to stabilise exchange rates, reduce large trade imbalances, surpress carry trades, and reduce counterparty risk.
23.01.2009
By: Jörg Bibow
What is presently dubbed Bretton Woods II is not a sustainable system.
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16.02.2010
By: Wolfgang Münchau
Not all policy solutions are possible in a monetary union. There are severely constitutional constraints.
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When the Euro was launched in 1999, there was much speculation among academics and policy makers about whether the euro could challenge, over even overtake, the dollar as an international currency. Toward the end 2006, the euro has indeed become a big international currency, but has so far failed to challenge the dollar’s predominance in the main categories that define it as the world’s premier currency.
Germany is shifting to the left – and foreign investors are shifting out.
The timing of the SocGen rogue trader scandal is no accident. Market volatility is a real killer.
Don't make to much out of his dovish comments. The ECB has still not made its mind.
