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NYU-Stern

Global Macroeconomic and Financial Policy Site
by Nouriel Roubini
at the Stern School of Business, New York University

Interesting Readings Current News Hot Topics
Nouriel Roubini: Private Sector Involvement in Crisis Resolution and Mechanisms for Dealing with Sovereign Debt Problems Jul 20, 2002 (.pdf)
Nouriel Roubini: Do we need a new international bankruptcy regime? Comments on Bulow, Sachs and White Apr 4, 2002 (.doc)
Global Financial Stability Report Market Developments and Issues IMF Sep 2002
IMF's World Economic Outlook: Foreword, Essays on Trade and Finance (Chapter II) and Trade and Financial Integration (Chapter III)
Transcript of a Press Conference Call on the World Economic Outlook Analytic Chapters IMF Sep 18, 2002
Testimony of Chairman Alan Greenspan Current fiscal issues Before the Committee on the Budget, U.S. House of Representatives Fed Sep 12, 2002
Remarks by Chairman Alan Greenspan: Economic volatility Fed Aug 30, 2002
Anne Krueger: Preventing and Resolving Financial Crises: The Role of Sovereign Debt Restructuring IMF Jul 26, 2002
Dial D for deflation Economist Sep 12, 2002
Global: The Great Failure of Central Banking MSDW Global Economic Forum Sep 9, 2002
Monetary Policy and Asset Price Volatility by B. Bernanke and M. Gertler Sep 2002 (.pdf)
Horst Köhler: Japan and the IMF: 50 Years of Economic Progress and International Leadership IMF Sep 10, 2002
Anne Krueger - Crisis Prevention and Resolution: Lessons from Argentina IMF Jul 17, 2002
Paul Krugman: Passing the Buck NYT Sep 3, 2002
Stephen Cecchetti: The perils of ignoring bubbles FT Sep 3, 2002
Treasury Departures Hurt Staff Morale Wash. Post Aug 23, 2002
Jim Hoagland: A Tone-Deaf Economic Team Wash. Post Jul 28, 2002
Kenneth Rogoff: Has Russia Been on the Right Path? A Commentary IMF August 26, 2002
Too Much Supply, Too Little Demand Wash. Post Aug 25, 2002
Guillermo Ortiz: Recent Emerging Market Crises - What have we learned? Jul 7, 2002 (.pdf)
(more...)
Op-Ed & Analysis
Globalization, Alive and Well NYT Sep 23, 2002
Keeping up the pressure Economist Sep 23, 2002
Yasser Arafat: Raised from the dead Economist Sep 23, 2002
North Korea In from the cold? Economist Sep 23, 2002
Arafat at bay FT Sep 23, 2002
Humbled giants FT Sep 23, 2002
Koizumi Helps Unfreeze Cold War's Final Front: Patrick Smith Bloomberg Sep 23, 2002
Economists Levy, Laurent: U.S., Japan Economies, Trends: Caroline Baum Bloomberg Sep 23, 2002
Global: The Perils of Price Stability MSDW Global Economic Forum Sep 23, 2002
United States: Corporate Profits -- Hurdles to the Rebound MSDW Global Economic Forum Sep 23, 2002
United States: Review and Preview MSDW Global Economic Forum Sep 23, 2002
India: Disconcerting Rise in Internal Debt MSDW Global Economic Forum Sep 23, 2002
South Africa: Manuel Calls for Review of Inflation Target MSDW Global Economic Forum Sep 23, 2002
Paul Krugman: The Vision Thing NYT Sep 20, 2002
Trumping Saddam's ace Economist Sep 20, 2002
Yasser Arafat: Back under siege Economist Sep 20, 2002
North Korea: In from the cold? Economist Sep 20, 2002
Japan's economy: When all else fails Economist Sep 20, 2002
Use and abuse of US power FT Sep 20, 2002
Alarms ignored FT Sep 20, 2002
America sputters FT Sep 20, 2002
'We worry a good deal more...' FT Sep 20, 2002
US will rebuild Iraq as democracy, says Rice FT Sep 20, 2002
A Bond Market Where You Just Can't Lose: William Pesek Bloomberg Sep 20, 2002
Bank of Japan's Share Purchase Plan a Mistake: David DeRosa Bloomberg Sep 20, 2002
United States: Risks Still Asymmetric, but Fed on Hold MSDW Global Economic Forum Sep 20, 2002
Japan: Game Theory, Sun-tzu, and Financial Reform MSDW Global Economic Forum Sep 20, 2002
Asia Pacific: ASEAN -- Revival or Irrelevance? MSDW Global Economic Forum Sep 20, 2002
Paul Krugman: The Vision Thing NYT Sep 19, 2002
Saddam's spanner in the works Economist Sep 19, 2002
Bombs and peace plans Economist Sep 19, 2002
Japan's economy: When all else fails Economist Sep 19, 2002
North Korea: In from the cold? Economist Sep 19, 2002
Crude bargaining Economist Sep 19, 2002
Fiscal policy: Deficits, dividends and discretion Economist Sep 19, 2002
Brazil's presidential election: Lula scents victory at last Economist Sep 19, 2002
China and Tibet: Welcoming lamas Economist Sep 19, 2002
Big problems for the big airlines Economist Sep 19, 2002
Russia's foreign policy Economist Sep 19, 2002
Iraq and the Arab world Economist Sep 19, 2002
GM crops in Africa Economist Sep 19, 2002
Weapons checks backed by threats FT Sep 19, 2002
Global: Wishing for That "Sucking Sound" MSDW Global Economic Forum Sep 19, 2002
Japan: Stock Purchasing Scheme Likely to Fan Deflation MSDW Global Economic Forum Sep 19, 2002
Turkey: Snow White and the Seven Dwarfs MSDW Global Economic Forum Sep 19, 2002
(more opinions...)
Speeches
Horst Köhler: Japan and the IMF: 50 Years of Economic Progress and International Leadership IMF Sep 10, 2002
Jack Boorman: Strengthening the Framework for Crisis Prevention, including PSI and the Sovereign Debt Restructuring Mechanism IMF Jul 5-6, 2002
Horst Köhler: The IMF in the Process of Change IMF Jul 4, 2002
Horst Köhler: The Role of the IMF in Safeguarding the Stability of the International Financial System IMF Jun 21, 2002
Michael Hirsh: Bush and the World Foreign Affairs Sep/Oct 2002
Transcript of a Press Conference Following The International Monetary and Financial Committee Meeting IMF Apr 20, 2002
Remarks by Governor Laurence H. Meyer: Financial Stability in Emerging Markets: What Have We Accomplished and What Remains To Be Done? Fed December 18, 2001
Assessing globalization's critics: "Talkers are no good doers???" by K. Elliott, D. Kar, J. Richardson IIE Aug 1, 2002 (.pdf)
Adam S. Posen: Deflation and the Bank of Japan IIE Sep 12, 2002
John Williamson: Is Brazil Next? IIE Aug 2002 (.pdf)
(more speeches...)
Conferences
Rethinking Stabilization Policy Jackson Hole, Wyoming Aug 29-31, 2002
Globalization in Historical Perspective: A High-Level Seminar IMF Aug 12–14, 2002
Bank Of England Conference on: The Role Of The Official And Private Sectors In Resolving International Financial Crises England Jul 23-24, 2002
Fifth LACEA/IADB/UTDT Workshop in International Economics and Finance Buenos Aires Aug 19-22, 2002
National Bureau of Economic Research, Inc. 2002 International Finance & Macroeconomics Massachusetts Jul 15-19, 2002
"New rules of the game in Global Finance: An international bankruptcy procedure for sovereing debtors", organized by the Reinventing Bretton Woods Committee; New York City, May 28-29, 2002
Fed Chairman Alan Greenspan visits NYU/Stern March 26, 2002
NBER: International Finance and Macroeconomics Program Meeting March 22, 2002
IMF: Conference on Macroeconomic Policies and Poverty Reduction March 14-15, 2002
IMF: High-Level Seminar: Assessing Banking Fragility Meeting March 11–12, 2002
(more conferences...)
Recent Financial News

 

Recent Macro News
Brazilian Bonds, Currency Plunge on Concern About Lula Victory Bloomberg Sep 23, 2002
Brazil Current Account Surplus May Be First in 8 Yrs Bloomberg Sep 23, 2002
Brazil Sells $48.8 Mln of Reserves to Boost Trade at 3.552 Rs Bloomberg Sep 23, 2002
Julius Baer's Butikofer Comments on Brazil Bonds, Lula Chances Bloomberg Sep 23, 2002
Brazil Sells About 501 Mln Reais of Floating-Rate Debt in Swap Bloomberg Sep 23, 2002
Chilean Peso Declines to Record Low vs Dollar on Brazil Concern Bloomberg Sep 23, 2002
Fair's Caio Lucchesi Comments on the Drop in Brazilian Currency Sep 23, 2002
Lopez Leon's Felipe Brandao Comments on Brazilian Markets' Drop Bloomberg Sep 23, 2002
Argentina Says It Will Make IMF, World Bank Payments Bloomberg Sep 23, 2002
Brazil to Buy Back 312 Mln Reais of Floating-Rate Debt Due 2003 Bloomberg Sep 23, 2002
Brazil's Currency Falls to Record on Concern About Lula Victory Bloomberg Sep 23, 2002
Brazil Current Account Surplus May Be First in 8 Yrs Bloomberg Sep 23, 2002
Brazil's Industrial Policy: Bloomberg Roundtable Bloomberg Sep 23, 2002
Brazil Treasury to Sell 2005 Inflation-Indexed Debt Wednesday Bloomberg Sep 23, 2002
Mexico Aug. Trade Deficit Falls to $533 Million on Oil Exports Bloomberg Sep 23, 2002
Mexico Moves to Raise Interest Rates as Peso Plunges Bloomberg Sep 23, 2002
Colombia May Receive Expanded Trade Preferences From U.S. Bloomberg Sep 23, 2002
IMF's Koehler: Global Economy, Brazil and Argentina Bloomberg Sep 23, 2002
Asian leaders look to euro as alternative to dollar in international trade AFP Sep 23, 2002
African oil underexplored and potentially lucrative, U.N. official says AP Sep 23, 2002
Saudi Arabia resists lower oil prices; spare supply ready for crisis AFP Sep 23, 2002
Oil price soars on war fears BBC Sep 23, 2002
Price of Crude Oil Creeps Higher AP Sep 23, 2002
Fed expected to leave interest rates unchanged Globe & Mail Sep 23, 2002
Asem summit focuses on Iraq BBC Sep 23, 2002
The Wacky Ways People Are Earning Money in the Recession ABC Sep 23, 2002
Recovery Elusive for Tech Sector LA Times Sep 23, 2002
Leading Indicators Slip Again AP Sep 23, 2002
U.S. stocks sink on profit and war woes; Nasdaq at 1996 low Reuters Sep 23, 2002
US Treasury yields at new lows FT Sep 23, 2002
Bush: Overspending by Congress Could Hurt Economy Reuters Sep 23, 2002
Argentina Says Reserves Take Priority to Paying IMF Bloomberg Sep 20, 2002
Brazil Sells 3.3 Bln Reais of 2006-2013 Debt in Three-Day Swap Bloomberg Sep 20, 2002
Mexican Peso Weakens on Slowing U.S. Recovery, Oil Strike Fears Bloomberg Sep 20, 2002
IMF Advises Peru to Cut Spending and Tax Exemptions Bloomberg Sep 20, 2002
Japanese Bonds Fail to Sell AP Sep 20, 2002
Köhler gloomy on risks to economies FT Sep 20, 2002
BoE's George: Global Demand To Pick Up Gradually Dow Jones Sep 20, 2002
EU, Asian Leaders To Tackle Trade Rows During Summit Dow Jones Sep 20, 2002
Saudi Soothes Oil Consumer Fears Reuters Sep 20, 2002
Opec defies western pressure Guardian Sep 20, 2002
OPEC Asked to Explain Production AP Sep 20, 2002
Hussein Says Bush Wants to Control Mideast Oil NYT Sep 20, 2002
Charitable Giving Hurt by Market AP Sep 20, 2002
Economy stands a fighting chance Boston Globe Sep 20, 2002
Stocks Snap Losing Streak on Qualcomm Reuters Sep 20, 2002
Preview: Economy to eclipse war jitters FT Sep 20, 2002
Treasury prices ease after yields hit lows FT Sep 20, 2002
Republicans Delay Plan for New Tax Cuts NYT Sep 20, 2002
IMF Presses World to Address Account Deficits World Bank Sep 19, 2002
Baghdad trade deals seen hindrance to US Boston Globe Sep 19, 2002
Koizumi fails to name financial rescue moves FT Sep 19, 2002
Japan Plans Big Bailout Wash. Post Sep 19, 2002
Japan Will Buy Shares From Its Troubled Banks NYT Sep 19, 2002
Greenspan to Be Knighted By Queen AP Sep 19, 2002
Winter fuel cost may jump Chicago Tribune Sep 19, 2002
Daschle Sharply Attacks Bush's Economic Policies NYT Sep 19, 2002
Global: Wishing for That "Sucking Sound" MSDW Global Economic Forum Sep 19, 2002
Stocks Tumble, Dow Drops Below 8,000 AP Sep 19, 2002
Stocks Fall on EDS News; Dow Below 8,000 Reuters Sep 19, 2002
Bush has decided against new tax cuts this year, budget chief says USA Today Sep 19, 2002
Study Says Middle Class to Lose Much of Bush Tax Cut's Benefit NYT Sep 19, 2002
[more news...]
Fed News

 

Emerging Markets News
Forex News
US Crony Capitalism? Corporate Scandals and Reform new
The War on Terrorism: Economic, Security and Defense Implications new
Current Global Financial Issues
U.S. Economy
U.S. Monetary Policy
Stock Markets
Brazil
Argentina
Dollarization
Latin America new
U.S. Debate on Budget Policy and Tax Cuts
Bond Markets new
Emerging Market Economies new
Sovereign Debt Crises and Debt Restructuring/Default, Bail-ins and Private Sector Involvement in Crisis Resolution
Risks of Global Deflation
Asian Economy
Japan
Mexico
China
Philippines new
Turkey
Russia
International Trade and Trade Policy
Foreign Exchange Markets
New Economy and Productivity Growth new
EMU and the Euro
Exchange Rate Regime for Emerging Markets
Debate on Currency Boards
The Oil Crisis
International Financial Architecture
Basic Readings on the Asian Crisis
Debate on Globalization
Poverty, Development and Africa
Debt Relief for Highly Indebted Poor Countries (HIPC)
IMF and World Bank Reform
Debate in International Capital Flows and Capital Controls
Wall Street Views
Annual Meeting of the World Bank Group and IMF
Academic Research
Online Macro Courses
Economic Reports
IMF's World Economic Outlook: Foreword, Essays on Trade and Finance (Chapter II) and Trade and Financial Integration (Chapter III)
Global Financial Stability Report Market Developments and Issues IMF Sep 2002
Monetary Policy and Asset Price Volatility by B. Bernanke and M. Gertler Sep 2002 (.pdf)
IMF Conditionality: A Factsheet IMF Aug 31, 2002
IMF Approves US$30.4 Billion Stand-By Credit for Brazil IMF Sep 6, 2002
Brazil—Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding IMF Aug 29, 2002
Turkey—Letter of Intent IMF Jul 30, 2002
Spreading Currency Crises: The Role of Economic Interdependence by W. Berger, Wolfram, H. Wagner IMF Aug 1, 2002 (.pdf)
Transcript of a Conference Call on Turkey IMF Aug 7, 2002
United States: 2002 Article IV Consultation--Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion IMF Aug 5, 2002
IMF Concludes 2002 Article IV Consultation with the United States IMF Aug 5, 2002
(more reports...)
Links
Board of Governors of the Federal Reserve System
International Monetary Fund
The WorldBank Group
WorldBank Development News
National Bureau of Economic Research
Centre for Economic Policy Research
Institute for International Economics
Institute of International Finance
Bank for International Settlements
World Trade Organization
United Nations
Organisation for Economic Co-operation and Development (OECD)
World Economic Forum
The Concord Coalition
Latin Focus
[more links...]
Academic Papers
A Brazilian Debt-Crisis by A. Razin and E. Sadka NBER Sep 2002 (.pdf)
Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001 by K. Rogoff, J. Zettelmeyer IMF Aug 1, 2002
The Evolution of Economic Understanding and Postwar Stabilization Policy Perspective by C. Romer and D. Romer Aug 2002 (.pdf)
Is There a Role for Counter-Cyclical Fiscal Policy? by A. Auerbach Aug 2002 ( .pdf)
Liability Dollarization and the Bank Balance Sheet Channel by W. Choi, D. Cook IMF Aug 1, 2002
When Economic Reform Goes Wrong: Cashews in Mozambique by M. McMillan, D. Rodrik, K. Welch NBER Aug 2002 (.pdf)
Monetary Policy and Real Stabilization by L. Svensson Aug 2002 ( .pdf)
Should the European Central Bank and the Federal Reserve Be Concerned About Fiscal Policy? by M. Canzoneri Aug 2002 (.pdf)
Current Account and Real Exchange Rate Dynamics in the G-7 Countries by M. Chinnand J. Lee Aug 1, 2002
Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics by M. Obstfield Jul 29, 2002 (.pdf)
Nouriel Roubini: Private Sector Involvement in Crisis Resolution and Mechanisms for Dealing with Sovereign Debt Problems Jul 20, 2002 (.pdf)
(more papers...)
Views from Wall Street
Global Strategy Bulletin by Morgan Stanley Dean Witter
Morgan Stanley Dean Witter Global Economic Forum
Deutsche Bank Global Markets Research
BradyNet Emerging Market Debt Round-up
Merrill Lynch Global Research Highlights
Bank of America Market Research & Commentary
Deutsche Bank's Emerging Markets Country Infobase
JP Morgan Daily Market Index Summary
First Union's Economic Commentary [weekly] [quarterly]
NEWS: OP-ED || MACRO || FINANCIAL || FED || EMERGING MARKETS || FOREX || CURRENCY RATES
FEATURES: ECONOMIC REPORTS || ACADEMIC PAPERS || WALL STREET || SPEECHES || CONFERENCES || LINKS

This site is financially supported through a generous grant from

The Madeline and Kevin R. Brine Charitable Trust.

This site is maintained and updated by webmaster Anthony Cantiello with the help of Nouriel. Got questions on the site? E-mail them to Anthony. If you wish to contribute to this site please contact Nouriel Roubini and include the URL of your contribution. Evelina Khukhashvili helped maintain the site from 2001-2002. Anthony Cho contributed significantly to the redesign and maintenance of the site during 2000.


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