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Exchange Rate

Global Financial Stability: Beginning to Turn the Corner

José Viñals | Posted 04.09.2014 | Business
José Viñals

Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.

Foreign Money Transfers Just Got Safer

Jason Alderman | Posted 02.26.2014 | Business
Jason Alderman

While the new regulations are certainly welcome, they don't go far enough when it comes to helping customers compare the net costs of making money transfers at different vendors.

Beyond Borders: Growth Challenges for Emerging Markets

Kalpana Kochhar | Posted 03.16.2014 | Business
Kalpana Kochhar

A number of emerging market economies have been on a rollercoaster since the U.S. Federal Reserve announced last May the eventual tapering of its asset purchase program. This is another reminder of how susceptible these economies remain to economic conditions outside their borders.

International Policy Coordination: The Loch Ness Monster

Olivier Blanchard | Posted 02.15.2014 | Business
Olivier Blanchard

International policy coordination is like the Loch Ness monster: much discussed but rarely seen. Going back over the decades, and even further in history to the period between the Great Wars, coordination efforts have been episodic.

The Exceptional Traveler: The Currency Exchange Game

Bonnie Kassel | Posted 01.23.2014 | Travel
Bonnie Kassel

Many people like to have some cash when they arrive in a new country. I know I do. Airports and hotels worldwide are notorious for low conversion rates, so you need to do a little research at home before leaving.

Monetary Policy Will Never Be the Same

Olivier Blanchard | Posted 02.04.2014 | Business
Olivier Blanchard

Two weeks ago, the IMF organized a major research conference, in honor of Stanley Fischer, on lessons from the crisis. Here is my take.

It Takes More than Economics 101 to Compete With China

Ralph Gomory | Posted 12.24.2013 | Business
Ralph Gomory

Our faith in our own system is so ingrained that we continue to believe in its benign results even in the absence of the free markets and free trade conditions.

QE Tapering as a Wake-up Call for Emerging Markets

Otaviano Canuto | Posted 01.23.2014 | World
Otaviano Canuto

Emerging markets are not currently as vulnerable as they were in previous moments of global interest rate hikes.

Iran's Inflation Is Still a Big Problem

Steve H. Hanke | Posted 06.18.2013 | World
Steve H. Hanke

Those data that are reported tend to possess what I've described as an "Alice in Wonderland" quality. In light of this, it is fair to suggest that any official data on Iran's inflation be taken with a grain of salt. So, how can this problem be overcome?

Maduro Wins Narrowly on Chávez Record; Close Election Is a Wake-up Call for the Government

Mark Weisbrot | Posted 06.15.2013 | World
Mark Weisbrot

After a short but bitterly fought, insult-laden campaign, Chavista standard-bearer Nicolás Maduro defeated challenger Henrique Capriles, thus assuring continuity in Venezuela after the death of President Hugo Chávez last month.

Venezuela: On the Death of Chávez and the Ailing Bolivar

Steve H. Hanke | Posted 05.12.2013 | World
Steve H. Hanke

How can Venezuela stave off a currency crisis and place its economy back on a solid monetary foundation? The solution is simple: replace the bolivar with the U.S. dollar.

The Euro Exit

Tom Cooley | Posted 08.14.2012 | World
Tom Cooley

EMU leaders are running out of time in their efforts to save the euro. Only decisive action can work -- and there still would be no guarantee of success. In the United States, it took a Civil War to settle that monetary union once and for all.

How To Get The Best Exchange Rates Abroad From Travel Expert Seth Kugel (WATCH)

Posted 08.27.2013 | MarloThomas

Travel expert Seth Kugel, author of the New York Times Frugal Traveler blog, recently joined me on Mondays with Marlo and he had so much wonderful adv...

A Sermonette on Prediction and Its Discontents

Robert Teitelman | Posted 05.29.2012 | Business
Robert Teitelman

In the Financial Times, Stein Ringen, a professor of sociology at Oxford, takes a lash to forecasting-happy economists, this time over the eurozone. The column provides a lesson in how difficult it is to resist the allure of prediction and the appeal of the simple dichotomy.

Trade Winds -- Has the Spectre of Protectionism Blown Away?

Tamim Bayoumi | Posted 03.12.2012 | Business
Tamim Bayoumi

The global crisis has pushed trade reforms off -- or at least to the edge of -- the political radar screen. But shying away from improving the trade system in these tough economic times seems a little like cutting off your nose to spite your face.

Treasury Staying the Course on China Currency, Best Option for United States

Doug Guthrie | Posted 03.04.2012 | Business
Doug Guthrie

Leaving the management of the complex economic relationship between China and the United States to the whims of Congress this close to an election year is not only ill-advised but it could prove catastrophic for the U.S. economy.

IMF: Potential Chinese Housing Bubble Remains Cause For Concern

Posted 09.20.2011 | Business

The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the cou...

A Beer Standard of Exchange

Frank A. Weil | Posted 09.17.2011 | Business
Frank A. Weil

In 1950 a beer cost about the same (about 25 cents in U.S. dollars at the time) in Pounds Sterling, French Francs, German Marks, Japanese Yen and many...

China Inflation Causes Price Hike On Toys

Bloomberg | Posted 07.25.2011 | Business

Hundreds of toymakers at the China Import and Export Fair, the country's largest, are charging more as the world's second- largest economy battles inf...

Global Recovery Strengthens, Tensions Heighten

Olivier Blanchard | Posted 06.11.2011 | Business
Olivier Blanchard

The need for careful design of economic policies at the national level, and coordination at the global level, may be as important today as they were at the peak of the crisis two years ago.

The Chinese Yuan vs. the Power of the Dollar

Daniel Wagner | Posted 05.25.2011 | Business
Daniel Wagner

In the absence of any realistic alternative to replace the supremacy of the dollar, it is likely to remain the dominant global currency for many years to come. No other currency is more widely accepted or used.

An Original Plan 'B for the Eurozone

Azeem Ibrahim | Posted 05.25.2011 | World
Azeem Ibrahim

Portugal, Ireland and Greece may yet be able to ride out the storm if austerity works. But if it does not, more drastic solutions might be called for.

The World Says No to America's Monopoly Money

Eric Margolis | Posted 05.25.2011 | Politics
Eric Margolis

Last week's rolling economic summits in South Korea and Japan may well mark the beginning of the end of the dominance of the US dollar, which has ruled world finance and trade since 1945.

WATCH: Geithner Squares Off With Greenspan On The Strength Of The Dollar

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Treasury secretary Timothy Geithner directly contradicted former Fed chairman Alan Greenspan's assertion about U.S. monetary policy, saying the U.S. i...

Proviso: Always on Track

Liz O'Connell | Posted 05.25.2011 | Sports
Liz O'Connell

Like many quality race horses, Proviso has a strong sense of self, knows the track routine as well as she does the bottom of her feed tub, and she likes to change things up a bit.