Author Archives: Menzie Chinn

So Much for International Monetary Cooperation

From Ted Truman (former director of Int’l Finance at the Fed, former Ass’t Sec. Treasury), at Peterson Institute’s Real Time Economic Issues Watch, yesterday:

The impending congressional adoption this week of a $1.1 trillion appropriations bill has been hailed far and wide as a victory for sorely needed bipartisanship cooperation in Washington. Left out of the legislation, however, was an important but little understood and underappreciated proposal to implement reform at the International Monetary Fund (IMF). …

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Guest Contribution: “Understanding the Potential Effects of QE on Gross Financial Flows to Developing Countries”

Today we are fortunate to have a guest contribution written by Jamus Jerome Lim (World Bank), Sanket Mohapatra (World Bank), and Marc Stocker (World Bank). The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the World Bank, its Executive Directors, or the countries they represent.

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Per Capita Income: Wisconsin vs. Minnesota

From Davey, “Twinned Cities Now Following Different Paths,” NY Times today:

“It’s staggering, really, like night and day,” said Lawrence R. Jacobs, a political scientist at the University of Minnesota. “You’ve got two states with the same history, the same culture, the same people — it’s kind of like they’re cousins. And now they’re looking across the border and seeing one world, then seeing something else entirely on the other side.”

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“For a Few Dollars More: Reserves and Growth in Times of Crises”

That’s the title of a paper coauthored by Matthieu Bussiere (Banque de France), Gong Cheng (Sciences Po), Noemie Lisack (European University Institute) and myself, in which we examine two key questions:

[F]irst, has the accumulation of reserves effectively protected countries during the 2008-09 financial crisis? And second, what explains the pattern of reserve accumulation observed during and after the crisis?

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