trade imbalances

The Fed has accused banks of ignoring the risks of debt backed by commercial real estate, with some worrying numbers about bank reserves. Gold climbs higher, but is it being pushed up by new type of buyer, interested in speculating rather than hedging?  Read more

“Well run” emerging economies will be encouraged to hold less in foreign reserves with the IMF acting as a giant insurer, under a new proposal. Unemployment is set to break through 10 per cent in the US, and stay there for quite some time Read more

The G7 communique urges China to let its currency appreciate. The logic of the G7′s position is fine, says Chris Giles of the Financial Times, but it has said it before, China does not agree, and so it is an entirely toothless statement.  Read more

China’s push for materials and energy leads it to be South Africa’s biggest trading partner. In spite of this, questions over China’s continued recovery and further questions on whether we are seeing the end of the rally in equities Read more

The IMF’s latest economic forecasts are out, writes Chris Giles of the Financial Times, but there are much more interesting bits in its latest World Economic Outlook. If you’ve lost your job, you’re going to struggle, the Fund thinks Read more

Ralph Atkins

The Bundesbank has explained why Germany is not part of the global imbalances story, says Ralph Atkins in a Financial Times blog Read more

Mure Dickie

Japanese finance minister Hirohisa Fujii deserves a little credit amid all the abuse he is taking for recent currency comments Read more

Krishna Guha

Dominique Strauss-Kahn tells the Financial Times’ Krishna Guha that the IMF is going to talk about currencies when it reports back to the G20 on balanced growth Read more

The G20 summit is done and dusted. The outcome pretty much as expected with the G20 now at the centre of global economic policy making. But the differences with past policy making are not as great as some of colourful language writes Chris Giles of the Financial Times Read more

The emerging G20 communique is a traditional compromise. To please the US and the UK respectively, the words “framework” and “compact” are both used. To please Germany and emerging countries, there is no binding mechanism to force countries to follow G20 missives in future. Fierce arguments which the FT reported today over seats on the IMF board and other reform issues have been swept under the carpet.

So what is new? Read more

Ralph Atkins

Germany is losing the PR battle over trade imbalances, writes Ralph Atkins of the Financial Times Read more

The Financial Times’ Money Supply morning round-up: Tensions persist over the priorities of the g20 summit, amid warnings that the financial crisis is not yet over. Read more

China cuts plans to cut back on emissions, a bigger role for central banks in deflating asset bubbles is discussed and hedge funds emerge victorious over banks, says Vanessa Houlder of the Financial Times Read more

The G20 wants to make a splash with a new framework for jobs and balanced world growth. This is a fine ambition, writes Chris Giles of the Financial Times, but haven’t we haven’t we been here before, he asks. IMF documents show the ambitions and process already exists. Read more

China is to lead the world in renewable energy, an increasingly profitable industry, leaving the US sidelined. Long-tail events are back, as are bubbles, and the G20 has a full agenda Read more

Chris Giles of the Financial Times will be posting on the G20 from Pittsburgh Read more

Protectionism and carbon emissions: both objectionable internationally, but irresistable nationally. And more fears of a Chinese bubble as relaxed lending standards cause a loan spree  Read more

Global trade imbalances contributed to the global financial and economic crisis and many leaders in the Group of 20 want a framework to ensure more balanced world economic growth. Their case will not be helped by a feeble Bank of England report on the issue writes Chris Giles of the Financial Times Read more