16. The flow of money and the reserve currency “ The exorbitant priviledge” (Giscard d’Estaing) How does the money system reveal the challenges of reform? GROUP EXERCISE
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26. Assessing the impact on Developing Countries Eurodad AGM 2008, section II Sargon Nissan nef (the new economics foundation)
Matter of time for when one, China?, has sufficiently developed capacity and institutions to not have to tolerate weak dollar and reserve currency will shift as will have institutions to capture the benefit of operating the reserve currency
Morgan Stanley MSCI Indices
JP Morgan
Bloomberg EMBI+ tracks total returns on USD denominated debt of Emerging Markets: Brady Bonds, loans and Eurobonds Basis points on y axis above Treasury curve
Risk of a repeat of crises responses a decade ago leading to eventual Basle II settlement which exacerbated pro-cyclicality and systemic over-leverage Back-pedalling from recent statements?