Exchange Rates - Brookings Institution

RESEARCH AND COMMENTARY

Currency Conversion during Korean Unification

Yeongseop Rhee, January 06, 2009, The Brookings Institution

As rumors about Kim Jong-il’s health focus attention on the future of the Korean peninsula, CNAPS Nonresident Fellow Yeongseop Rhee examines issues in South-North monetary integration, a vital aspect of unification. The success – or failure – of monetary integration will have major effects on the peninsular economy, the standard of living in the North, and the South’s appetite for unification. Read More

North Korea, Northeast Asia, Exchange Rates, Financial Markets, Financial Institutions

RESEARCH AND COMMENTARY

Lame Duck Meets Hobbled Panda: The China-U.S. Strategic Economic Dialogue

Eswar Prasad, December 04, 2008, The Brookings Institution

As the U.S. and China gather in Beijing for their twice yearly Strategic Economic Dialogue meetings, Eswar Prasad examines the U.S.-China economic relationship, key issues and the potential future of the economic dialogue that was created by Secretary Paulson. Read More

Global Economics, China's Economy, China, U.S. Economy, U.S. Economic Growth

RESEARCH AND COMMENTARY

Top 10 Global Economic Challenges Facing America's 44th President

October 10, 2008, The Brookings Institution

As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges. Read More

Global Economics, Development, Global Poverty, Globalization, Emerging Markets

RESEARCH AND COMMENTARY

Is There a 'Correct' Exchange Rate?

Geng Xiao, June 20, 2007, Caijing Magazine

Geng Xiao cautions against viewing China’s exchange rate as the primary cause of its trade imbalance, and argues that finding a “correct” nominal exchange rate is in theory and in practice a very difficult task. Read More

China, Emerging Markets, Exchange Rates, China's Economy

RESEARCH AND COMMENTARY

Global Views: Currency Exchange Rate Oversight Reform Act of 2007

Lael Brainard, June 14, 2007, The Brookings Institution

Lael Brainard says the biggest takeaway from the Currency Exchange Rate Oversight Reform Act of 2007 introduced by Sens. Baucus, Graham, Grassley and Schumer is that Congress has run out of patience with China. Read More

China, Competitiveness, Exchange Rates, Global Economics, Asia

BOOK

Brookings Papers on Economic Activity 1:2006

George L. Perry and William C. Brainard, September 01, 2006

BPEA provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Read More

Macroeconomics, Global Economics, U.S. Economy, Budget Deficit, Federal Budget

RESEARCH AND COMMENTARY

Credit Markets, Creditors' Rights and Economic Development

Kenneth Dam, February 01, 2006, John M. Olin Law & Economics Working Paper No. 281

Credit markets are just as important as equity markets to financial development. And in most countries far more finance is generated in credit markets than in public equity markets. Even in the United States, which is usually thought the country with the most pronounced equity culture, far more money is raised in credit markets than in equity markets. Read More

Banking, Financial Institutions, Development, Global Economics, U.S. Economy

RESEARCH AND COMMENTARY

Global Imbalances: The Blind Men and the Elephant

Barry Eichengreen, January 01, 2006, The Brookings Institution

This paper reviews competing explanations for the pattern of global imbalances and the magnitude of the U.S. external deficit. It argues that, far from being incompatible, existing explanations are all parts of the larger story. Read More

Macroeconomics, Retirement, Competitiveness, Trade, Global Economics