U.S. Dollar Decline as a National Strategy?
Eichengreen, Barry. Some prominent economic analysts have called for a weaker dollar as a cure for the United States’ economic ills. They argue it would rebalance the U.S. economy toward exports and help reduce income inequality. But as Barry Eichengreen, author of “Exorbitant Privilege,” explains, such a strategy would not work as advertised. Πηγή: The […]
Eurozone Problems
Krugman, Paul. I’m giving a talk in Paris tomorrow. Here are some slides; they won’t come as a shock to regular readers, but it may be useful to see them all in one place. Πηγή: The New York Times πλήρες κείμενο
Foreign banks and the global financial crisis: Investment and lending behaviour
Claessens, Stijn, Van Horen, Neeltje. How did foreign banks adjust their investment and lending decisions during the global financial crisis? This column uses a new and comprehensive database to show that the crisis dramatically halted foreign direct investment in banking and that foreign banks often cut back on lending more than their domestic competitors. While exits […]