AUTHOR'S BIO
Michael D. Goldberg
Michael D. Goldberg is Professor of Economics at the University of New Hampshire, and is co-author of the forthcoming book Imperfect Knowledge Economics: Exchange Rates and Risk.
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Completing the G-20’s Agenda
Roman Frydman and Michael D. Goldberg Series: Frontiers of Growth 2009-04-02In calling for measures to “guard against systemic risk,” the G-20 summit recognized the need to regulate the entire financial system, not just individual institutions. Unfortunately, contemporary economic theory, which presumes perfect price discovery in asset markets, discourages policymakers from addressing the role of asset-price swings in managing systemic risk.... read Comments: 0 Recommended: 0 Read: 27832
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Can Anything Slow the Dollar’s Fall?
Roman Frydman and Michael D. Goldberg Series: The World in Words 2007-11-10“Dollar denial,” that state of willful blindness in which bankers and central bankers claim to be unworried about America’s falling currency, seems to be ending. Now it's time to consider how policymakers can intervene successfully.... read Comments: 0 Recommended: 0 Read: 20510
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Clipping the Euro’s Wings
Roman Frydman and Michael D. Goldberg Series: European Economies 2007-07-19French Presdient Nicolas Sarkozy’s call for the European Central Bank to intervene to curtail the soaring euro is commonly seen as a sign that he neither understands nor trusts markets. But the last three decades of floating currencies shows that market-determined exchange rates tend to swing widely and persistently from parity levels, which can undermine real economic activity and makes intervention necessary.... read Comments: 0 Recommended: 0 Read: 16521
