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September 6, 2016

China
Imbalances Are Back, In Asia and Globally

The Economist, inspired in part by a recent paper by Caballero, Farhi and Gourinchas, highlighted two key points in its free exchange column criticizing Germany’s surplus: a) Global imbalances have …

CA Europe and Asia
Blog Post by Brad W. Setser Follow the Money

January 25, 2016

China
The Fits and Starts of China’s Economic Reforms

Over the past several months, it has become more than a full-time job trying to figure out what is going on in the Chinese economy. There have been many good efforts to make sense of all the disparat…

Xi Jinping AIIB ceremony
Blog Post by Elizabeth C. Economy Asia Unbound

August 25, 2015

China
What’s Missing in the China Story?

Over the past month, there has been a lot of “China drama.” The volatility in the Chinese stock market, the yuan devaluation, and now the Tianjin warehouse explosion have all raised China chatter to …

Rescue workers wearing chemical protective suits walk at the site of the explosions at the Binhai new district in Tianjin, China, August 14, 2015. Rescuers on Friday pulled one survivor from the wreckage of a warehouse in northeast China's Tianjin that was hit by two massive blasts, a city official told reporters at a briefing. REUTERS/Jason Lee
Blog Post by Elizabeth C. Economy Asia Unbound

September 16, 2005

United States
The q2 current account deficit and global adjustment

Some days are marked by a surplus of good material.   The TIC data.  The second quarter current account data.  DeLong's magnus opus on what the great and good talked about on the margins of Jackson h…

Blog Post by Brad W. Setser Follow the Money

November 15, 2007

Financial Markets
How long can the Gulf countries sustain their dollar pegs?

Note: This is Brad Setser, not Michael Pettis.The UAE is clearly considering changing from a dollar peg to a basket peg.   Qatar may be as well.   The economic case for change is quite clear.  Both c…

Blog Post by Brad W. Setser Follow the Money