Agnes Benassy-Quere and Olena Havrylchyk on the design on financial regulation...
Michael Pettis on the clash in savings (China and global imbalances). It seems clear that the author does not believe that the US has had a role to play in the global imbalances story (comes clearly in the article). There is nothing that prevents China from building large surpluses and pass the global imbalances around like a hot potato...
Peter Goodman takes a hard look at Greenspan's legacy. My take: It is quite easy to condemn ex-post the regulatory issues and Greenspan's lack of foresight. However much one calls derivatives the devil, it plays an important role of diversifying risk and that is essentially something that drove Greenspan's idea of the derivatives world. Not supporting Greenspan but I guess it is important to also see the good stuff derivatives bring on the table.
Otaviano Canuto on decoupling, reverse coupling and all that jazz... Interesting read indeed. Calls for some work on identifying demand, supply and monetary policy shocks and business cycles.
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