About the Author:
Jeffrey A. Frankel is the James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School. He directs the Program in International Finance and Macroeconomics at the National Bureau of Economic Research, where he is also on the Business Cycle Dating Committee, which officially declares recessions. He currently serves on advisory panels for the Federal Reserve Banks of New York and Boston, the Bureau of Economic Analysis, and the Peterson Institute for International Economics.
Tag Archives: Asia
Gold: A Rival for the Dollar
Robert Zoellick put a few sentences about gold toward the end of a column in today’s FT that are drawing a lot of attention. I doubt very much if the World Bank President has in mind a return to the gold standard, but goldbugs and critics alike are talking as if he does.
Even if […] Continue reading
Posted in Asia, China, Commodities, Dollar, Euro, Exchange Rates, Inflation, Investing, Monetary Policy
Tagged Asia, China, Commodities, Dollar, euro, Exchange Rates, Inflation, Investing, Monetary Policy
Leave a comment
Leadership Need Not Come Only from the G7: The G20 Meeting in Korea
Korea may have an opportunity to exercise historic leadership, when it chairs the G-20 meeting in Seoul, November 11-12. This will be the first time that a non-G-7 country has hosted the G-20 since the larger, more inclusive, group supplanted the smaller rich-country group in April of last year as the premier steering committee for […] Continue reading
Food Security: Export Controls are Not the Cure for Grain Price Volatility, But the Cause
My last blog post listed some policies and institutions with which various small countries around the world have had success — innovations that might be worthy of emulation by others. Of course there are plenty of other examples of policies and institutions that have been tried and that are to be avoided. The area […] Continue reading
The RMB Has Now Moved Back to the Dollar
In July 2005, the Chinese government announced that it was changing its official exchange rate regime. As American politicians had been demanding, the yuan or renminbi would no longer be pegged to the dollar. Rather the authorities would:
(1) set its value with reference to a basket of foreign currencies (with numerical weights unannounced), and
(2) […] Continue reading
Posted in Asia, China, Dollar, Emerging markets, Exchange Rates
Tagged Asia, China, Dollar, emerging markets, Exchange Rates
Leave a comment
America to China – “Stop Buying Our Dollars! And Another Thing: Please Buy Our Dollars.”
It is ironic that the dollar has strengthened rather than weakened over the last year.
· The sub-prime mortgage crisis originated in the United States;
· The crisis has severely undermined the credibility of American financial institutions – both in the narrower sense that leading investment banks have now disappeared and in the broader sense that […] Continue reading
Posted in Asia, China, Dollar, Emerging markets, Exchange Rates, Financial Crisis
Tagged Asia, China, Dollar, emerging markets, Exchange Rates, Financial Crisis
Leave a comment
belferfrankel.wordpress.com 