Saturday, July 26, 2014
  1. After the Dollar

    José Antonio Ocampo

    After the Dollar

    0

     promotes the IMF's Special Drawing Rights as a global reserve currency.

    Dollar Bills Earl/Flickr

    China’s rise has made the world increasingly disinclined to tolerate the instability caused by a US dollar-denominated system. The solution, however, lies not in replacing the dollar with the renminbi, but in strengthening the role of the world’s only truly global currency: the IMF’s Special Drawing Rights. READ MORE

  2. The Fed in Denial

    Simon Johnson

    The Fed in Denial

    7

     is not sure that America's central bank knows how to protect its independence.

    Janet Yellen Bao Dandan/ZumaPress

    Senior US Federal Reserve officials seem to have slipped back into their pre-2008 ways, ignoring concerns about dangerous financial-sector behavior. That is not only unfortunate; it is also dangerous, because the Fed’s political position is much more precarious than its leadership seems to realize. READ MORE

  3. The Trade Delusion

    Adair Turner
  4. Sovereign Debt at Square One

    Jeffrey Frankel

    Sovereign Debt at Square One

    4

     explains why a recent US Supreme Court ruling leaves creditors and debtors worse off.

    Argentina street Senor Hans/Flickr

    The US Supreme Court has barred Argentina from making payments to fulfill debt-restructuring agreements with its creditors unless the 7% of creditors who rejected the agreements are paid in full. While it is hard to cry for Argentina, the ruling sets back the evolution of the international regime for restructuring sovereign debt. READ MORE

  5. The Inverted World of Mobile Capital

    Laura Tyson

Focal Point

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228 pages
228 pages

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