“How can I, that girl standing there, my attention fix,” asked William Butler Yeats plaintively in the midst of the political upheavals of the early 1930s, “on Roman or on Russian or on Spanish politics?” Well, love and beauty in the Beijing spring weather notwithstanding, it is hard once again not to fix attention on [...]
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Tags: Dani Rodrik, Eichengreen
Posted in Euro, History • 95 Comments »
I have been on the road for the past few (and next ten) days, in part because of Spring Festival, so I haven’t been able to post as much as I normally do, but I was asked to write an article for a Chinese magazine, which I recently finished, on comparisons between today and the [...]
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Tags: Eichengreen
Posted in Balance sheets, Currency regime, Hot money, PBoC, Reserves • 29 Comments »
Between the holiday slowdown and the number of writing commitments I have it has been a little too easy to neglect my blog. What free time I have has been spent reading, and I am reading for the third time what I think is one of the best books ever written on financial history – [...]
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Tags: Eichengreen
Posted in Hot money, PBoC, Reserves • 23 Comments »