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Quantitative Easing at the Fed and the Bank of Japan
Next Thursday March 25 the House Financial Services Committee will hold a hearing on how the Fed should exit from its quantitative easing. This past week I was in Japan discussing the Japanese experience with QE with traders and experts … Continue reading
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Good Policy Pays Off In Emerging Markets
“Lessons from the Financial Crisis for Monetary Policy in Emerging Markets” was the title for the 2010 L.K. Jha Lecture, which I gave this week at the Reserve Bank of India in Mumbai. Jha was one of the truly outstanding … Continue reading
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Why Triple IMF Resources Now?
As the G20 Leaders travel to Pittsburgh this weekend they should reconsider their April 2 decision “to treble the resources available to the International Monetary Fund (IMF) to $750 billion.” Why? First, the IMF does not need the money: as … Continue reading
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