Exchange Rate Regimes/Monetary Policy | Finance, Investment, and Debt | Global Financial Crises | International Monetary Fund | New Economy and Productivity | World Economy

 

Essential Reading Items

Policy Brief 09-10: 2009 Estimates of Fundamental Equilibrium Exchange Rates
by William R. Cline, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
June 2009

Book: Future of China's Exchange Rate Policy, The
by Morris Goldstein and Nicholas R. Lardy
July 2009

Book: Debating China's Exchange Rate Policy
edited by Morris Goldstein and Nicholas R. Lardy
April 2008

Article: The Dollar and the Deficits: How Washington Can Prevent the Next Crisis
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Foreign Affairs, Volume 88 No. 6, November/December 2009
November 2009

Policy Brief 09-21: The Future of the Dollar
by Richard N. Cooper, Harvard University
September 2009

Policy Brief 09-20: Why SDRs Could Rival the Dollar
by John Williamson, Peterson Institute for International Economics
September 2009

Book: Accountability and Oversight of US Exchange Rate Policy
by C. Randall Henning
June 2008

Book: China's Rise: Challenges and Opportunities (hardcover)
by C. Fred Bergsten , Charles Freeman , Nicholas R. Lardy and Derek J. Mitchell
September 2008

Op-ed: China's Currency Needs to Rise Further
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed in the Financial Times
July 22, 2008

Speech: Is China a Currency “Manipulator”?
by Morris Goldstein, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
January 28, 2009

Working Paper 08-2: Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization
by Aaditya Mattoo, The World Bank
and Arvind Subramanian, Peterson Institute for International Economics
January 2008

Policy Brief 07-8: The Case for Exchange Rate Flexibility in Oil-Exporting Economies
by Brad Setser, Council on Foreign Relations
November 2007

Testimony: The Dollar and the Renminbi
by C. Fred Bergsten, Peterson Institute for International Economics
Statement before the Hearing on US Economic Relations with China: Strategies and Options on Exchange Rates and Market Access, Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing and Urban Affairs, United States Senate
May 23, 2007

Testimony: The Chinese Exchange Rate and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Hearing on the Treasury Department's Report to Congress on International Economic and Exchange Rate Policy and the Strategic Economic Dialogue Committee on Banking, Housing and Urban Affairs
January 31, 2007

Policy Brief 07-4: Global Imbalances: Time for Action
March 2007

Op-ed: When the Dollar Bill Comes Due
by Catherine L. Mann, Peterson Institute for International Economics
and Katharina Plück, Peterson Institute for International Economics
Op-ed
April 27, 2005

Policy Brief 05-1: A Currency Basket for East Asia, Not Just China
by John Williamson, Peterson Institute for International Economics
August 2005

Working Paper 04-1: Adjusting China's Exchange Rate Policies
by Morris Goldstein, Peterson Institute for International Economics
June 2004

Book: Inflation Targeting in the World Economy
by Edwin M. Truman
October 2003

Policy Briefs

09-21: The Future of the Dollar [pdf]
by Richard N. Cooper, Harvard University
September 2009

09-20: Why SDRs Could Rival the Dollar [pdf]
by John Williamson, Peterson Institute for International Economics
September 2009

09-11: Understanding Special Drawing Rights (SDRs) [pdf]
by John Williamson, Peterson Institute for International Economics
June 2009

09-10: 2009 Estimates of Fundamental Equilibrium Exchange Rates [pdf]
by William R. Cline, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
June 2009

09-5: The Future of the Chiang Mai Initiative: An Asian Monetary Fund? [pdf]
by C. Randall Henning, Peterson Institute for International Economics
February 2009

08-7: New Estimates of Fundamental Equilibrium Exchange Rates [pdf]
by William R. Cline, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
July 2008

07-8: The Case for Exchange Rate Flexibility in Oil-Exporting Economies [pdf]
by Brad Setser, Council on Foreign Relations
November 2007

07-6: Sovereign Wealth Funds: The Need for Greater Transparency and Accountability [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
August 2007

07-4: Global Imbalances: Time for Action [pdf]
March 2007

06-8: Choosing Monetary Arrangements for the 21st Century: Problems of a Small Economy [pdf]
by John Williamson, Peterson Institute for International Economics
November 2006

05-1: A Currency Basket for East Asia, Not Just China [pdf]
by John Williamson, Peterson Institute for International Economics
August 2005

04-7: What Kind of Landing for the Chinese Economy? [pdf]
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
November 2004

04-6: What Went Right in Japan [pdf]
by Adam S. Posen, Peterson Institute for International Economics
November 2004

03-9: EU Accession and the Euro: Close Together or Far Apart? [pdf]
by Peter B. Kenen, Princeton University
and Ellen E. Meade, London School of Economics
October 2003

01-7: The International Implications of Paying Down the Debt
by Edwin M. Truman, Peterson Institute for International Economics
May 2001

99-9: Nothing to Fear but Fear (of Inflation) Itself
by Adam S. Posen, Peterson Institute for International Economics
October 1999

99-8: Preserve the Exchange Stabilization Fund
by C. Randall Henning, Peterson Institute for International Economics
September 1999

99-3: Crawling Bands or Monitoring Bands: How to Manage Exchange Rates in a World of Capital Mobility
by John Williamson, Peterson Institute for International Economics
February 1999

98-3: Exchange Rates for the Dollar, Yen, and Euro [pdf]
by Simon Wren-Lewis, University of Exeter
July 1998

Working Papers

09-1: The GCC Monetary Union: Choice of Exchange Rate Regime [pdf]
by Mohsin S. Khan, Peterson Institute for International Economics
April 2009

08-6: Estimating Consistent Fundamental Equilibrium Exchange Rates [pdf]
by William R. Cline, Peterson Institute for International Economics
July 2008

08-3: Exchange Rate Economics [pdf]
by John Williamson, Peterson Institute for International Economics
February 2008

08-2: Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization [pdf]
by Aaditya Mattoo, The World Bank
and Arvind Subramanian, Peterson Institute for International Economics
January 2008

07-8: Congress, Treasury, and the Accountability of Exchange Rate Policy: How the 1988 Trade Act Should Be Reformed [pdf]
by C. Randall Henning, Peterson Institute for International Economics
September 2007

07-6: Measurement and Inference in International Reserve Diversification [pdf]
by Anna Wong, University of Chicago
July 2007

07-5: A (Lack of) Progress Report on China's Exchange Rate Policies [pdf]
by Morris Goldstein, Peterson Institute for International Economics
June 2007

07-3: Do Markets Care Who Chairs the Central Bank? [pdf]
by Kenneth N. Kuttner, Williams College
and Adam S. Posen, Peterson Institute for International Economics
May 2007
Revised July 2008

06-4: The External Policy of the Euro Area: Organizing for Foreign Exchange Intervention [pdf]
by C. Randall Henning, Peterson Institute for International Economics
June 2006

06-2: The Case for an International Reserve Diversification Standard [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
and Anna Wong, Peterson Institute for International Economics
May 2006

06-1: Why Central Banks Should Not Burst Bubbles [pdf]
by Adam S. Posen, Peterson Institute for International Economics
January 2006

05-6: Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
July 2005

05-2: China's Role in the Revived Bretton Woods System: A Case of Mistaken Identity [pdf]
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
March 2005

04-1: Adjusting China's Exchange Rate Policies [pdf]
by Morris Goldstein, Peterson Institute for International Economics
June 2004

03-10: The Difficulty of Discerning What's Too Tight: Taylor Rules and Japanese Monetary Policy [pdf]
by Kenneth N. Kuttner, Oberlin College
and Adam S. Posen, Peterson Institute for International Economics
December 2003

03-6: Empirical Investigations of Inflation Targeting [pdf]
by Yifan Hu, Peterson Institute for International Economics
July 2003

03-2: Is Germany Turning Japanese? [pdf]
by Adam S. Posen, Peterson Institute for International Economics
March 2003

01-7: Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks [pdf]
by Kenneth N. Kuttner, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
July 2001

00-6: Inflation, Monetary Transparency, and G3 Exchange Rate Volatility [pdf]
by Kenneth N. Kuttner, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
July 2000

99-9: The Case for Joint Management of Exchange Rate Flexibility
by C. Fred Bergsten, Peterson Institute for International Economics
and Olivier Davanne, Conseil d'Analyse Economique
and Pierre Jacquet, Peterson Institute for International Economics

Speeches, Testimony, Papers

Lessons from the Global Economic and Financial Crisis [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Keynote address at the conference "G-20 Reform Initiatives: Implications for the Future of Regulation," cohosted by the Institute for Global Economics and the International Monetary Fund in Seoul, Korea
November 11, 2009

The Dollar and the Deficits: How Washington Can Prevent the Next Crisis
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Foreign Affairs, Volume 88 No. 6, November/December 2009
November 2009

China's Undervalued Currency [pdf]
by Nicholas R. Lardy, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
July 21, 2009

The Dangers of an Overvalued Dollar [pdf]
by John Williamson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
June 3, 2009

Geithner in China: What Are the Prospects? [pdf]
by Nicholas R. Lardy, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
May 28, 2009

The Gulf Cooperation Council: A New Global Force? [pdf]
by Mohsin S. Khan, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
April 22, 2009

A New Asian Monetary Giant? [pdf]
by C. Randall Henning, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
February 27, 2009

Is China a Currency “Manipulator”? [pdf]
by Morris Goldstein, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
January 28, 2009

The Perils of “New Mercantilism” [pdf]
by Arvind Subramanian, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
January 14, 2009

Incremental Steps Toward a Radical Solution [pdf]
by Simon Johnson, Peterson Institute for International Economics
Transcript from Peterson Perspectives: Interviews on Current Issues
December 16, 2008

The Dollar and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Financial Services, US House of Representatives
July 24, 2008

A Call for an "Asian Plaza" [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Article in the International Economy
May 2008

It's Not Just About the Money [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Article in the International Economy
May 2008

Global Imbalances and Currency Misalignments
by C. Fred Bergsten, Peterson Institute for International Economics
Outline of remarks at the World Economic Forum, Davos, Switzerland
January 2008

A Scoreboard for Sovereign Wealth Funds [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

China's Exchange Rate Policy: An Overview of Some Key Issues [pdf]
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and, If Not, Why Not? [pdf]
by William R. Cline, Peterson Institute for International Economics
and John Williamson, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

IMF Surveillance over China's Exchange Rate Policy [pdf]
by Michael Mussa, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

Monetary Policy Independence, the Currency Regime, and the Capital Account in China [pdf]
by Eswar S. Prasad, Cornell University
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

Rebalancing China's Growth [pdf]
by Bert Hofman, World Bank
and Louis Kuijs, World Bank
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

The Influence of the Renminbi on Exchange Rate Policy in Other Economies [pdf]
by Takatoshi Ito, University of Tokyo
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

The Management of China's International Reserves: China and a Sovereign Wealth Fund Scoreboard [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

The US Congress and the Chinese Yuan [pdf]
by Gary Clyde Hufbauer, Peterson Institute for International Economics
and Claire Brunel, Peterson Institute for International Economics
Paper presented at the conference on China's Exchange Rate Policy
Peterson Institute
Washington, DC
October 19, 2007

The Dollar and the Renminbi
by C. Fred Bergsten, Peterson Institute for International Economics
Statement before the Hearing on US Economic Relations with China: Strategies and Options on Exchange Rates and Market Access, Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing and Urban Affairs, United States Senate
May 23, 2007

The Role of US and EU Financial Markets in the Global Economy
by Edwin M. Truman, Peterson Institute for International Economics
Remarks at the conference "The Euro and the Dollar: Pillars in Global Finance"
Federal Reserve Bank of New York
April 17, 2007

Capital Account Convertibility: A Neglected Consideration [pdf]
by Arvind Subramanian, Peterson Institute for International Economics
Paper presented at the Center for Policy Research, New Delhi, India
April 2007

Assessing Progress on China’s Exchange Rate Policies
by Morris Goldstein, Peterson Institute for International Economics
Testimony before the Hearing on
"Risks and Reform: The Role of Currency in the US–China Relationship"
Committee on Finance, US Senate
Washington, DC
March 28, 2007

The Chinese Exchange Rate and the US Economy
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Hearing on the Treasury Department's Report to Congress on International Economic and Exchange Rate Policy and the Strategic Economic Dialogue Committee on Banking, Housing and Urban Affairs
January 31, 2007

Meade's Analysis and Today's Global Imbalances [pdf]
by John Williamson, Peterson Institute for International Economics
Lecture delivered at Cambridge University
November 21, 2006

Paulson's First Challenge [pdf]
by Morris Goldstein, Peterson Institute for International Economics
Article in The International Economy
August 2006

Clash of the Titans
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Newsweek, International Edition
April 24, 2006

The US Trade Deficit and China
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Hearing on US-China Economic Relations Revisited
Committee on Finance, United States Senate
March 29, 2006

Renminbi Controversies [pdf]
by Morris Goldstein, Peterson Institute for International Economics
Paper prepared for the Conference on Monetary Institutions and Economic Development
Cato Institute
November 3, 2005
Revised December 2005

The Trans-Pacific Imbalance: A Disaster in the Making? [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Speech at the 16th General Meeting of the Pacific Economic Cooperation Council (PECC) Seoul, South Korea
September 7, 2005

The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States? [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Paper in the symposium volume The Greenspan Era: Lessons for the Future, a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming
August 2005

The Rise of the Euro: Currency Is Emerging as Rival to the Dollar
by Adam S. Posen, Peterson Institute for International Economics
Article in The Ripon Forum
July 2005

Reform of the International Monetary Fund [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Senate Subcommittee on International Trade and Finance
Committee on Banking, Housing, and Urban Affairs
June 7, 2005

Swiss National Bank Sales—Lessons and Experiences [pdf]
by Philipp M. Hildebrand, Swiss National Bank
Speech at a luncheon at the Institute for International Economics
May 5, 2005

The Euro and the World Economy [pdf]
by C. Fred Bergsten, Peterson Institute for International Economics
Speech at a conference on "The Eurosystem, the Union and Beyond: The Single Currency and Implications for Governance"
European Central Bank
Frankfurt am Main, Germany
April 27, 2005

The Potential of International Policy Coordination
by John Williamson, Peterson Institute for International Economics
Paper for "Implications for the IMF's Role in Surveillance and Policy Coordination"
Roundtable on International Economic Cooperation for a Balanced World Economy
Chongqing, China
March 12-13, 2005

Reflections [pdf]
by Edwin M. Truman, Peterson Institute for International Economics
Article on the Federal Open Market Committee (FOMC)
Federal Reserve Bank of St. Louis Review
March-April 2005

A Revived Bretton Woods System? Implications for Europe and the United States
by Edwin M. Truman, Peterson Institute for International Economics
Speech at the conference "Revived Bretton Woods System: A New Paradigm for Asian Development?"
Federal Reserve Bank of San Francisco
February 4, 2005

Breaking Up Is Hard To Do: Global Co-dependency, Collective Action, and the Challenges of Global Adjustment [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Article published in the CESifo Forum
January 2005

The Choice of Exchange Rate Regime: The Relevance of International Experience to China's Decision [pdf]
by John Williamson, Peterson Institute for International Economics
Outline of a lecture at a conference on exchange rates organized by the Central University of Finance and Economics
Beijing, China
September 7, 2004

The Fourth Generation of Central Banking
by Adam S. Posen, Peterson Institute for International Economics
Article in Euromoney
September 2004

Managing Exchange Rates: Achievement of Global Re-balancing or Evidence of Global Co-dependency [pdf]
by Catherine L. Mann, Peterson Institute for International Economics
Article in Business Economics
July 2004

The IMF and Exchange Rates
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Banking, Housing, and Urban Affairs
United States Senate
Washington, DC
May 19, 2004

The Renminbi Exchange Rate and the Global Monetary System
by John Williamson, Peterson Institute for International Economics
Outline of a lecture delivered at the Central University of Finance and Economics
Beijing, China
October 29, 2003

United States–China Ties: Reassessing the Economic Relationship
by Nicholas R. Lardy, Peterson Institute for International Economics
Testimony before the House Committee on International Relations
US House of Representatives
Washington, DC
October 21, 2003

China's Exchange Rate Regime
by Morris Goldstein, Peterson Institute for International Economics
Testimony before the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology Committee on Financial Services
US House of Representatives
Washington, DC
October 1, 2003

The Correction of the Dollar and Foreign Intervention in the Currency Markets
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Small Business
United States House of Representatives
Washington, DC
June 25, 2003

North American Monetary and Financial Integration: Notes on the US Perspective
by Edwin M. Truman, Peterson Institute for International Economics
Paper presented at a meeting of the
Study Group on North American Monetary and Financial Integration
Montreal, Canada
December 13, 2002

Did the Washington Consensus Fail?
by John Williamson, Peterson Institute for International Economics
Outline of speech at the Center for Strategic & International Studies
Washington, DC
November 6, 2002

What Washington Means by Policy Reform
by John Williamson, Peterson Institute for International Economics
Chapter 2 from Latin American Adjustment: How Much Has Happened?
Edited by John Williamson. Published April 1990.
November 2002

Economic Policy and Exchange Rate Regimes: What Have We Learned in the Ten Years since Black Wednesday?
by Edwin M. Truman, Peterson Institute for International Economics
Speech at the European Monetary Symposium
London School of Economics
London, England
September 16, 2002

Beware Policy Overreactions: Managing Changing Macroeconomic Conditions in Japan and the United States
by Adam S. Posen, Peterson Institute for International Economics
Speech to Keizai Koho Center
Think Tankers' Symposium
Tokyo, Japan
January 17, 2001

Designing a Middle Way between Fixed and Flexible Exchange Rates
by John Williamson, Peterson Institute for International Economics
Paper presented to a conference on
"Monetary and Exchange Rate Policies: Options for Egypt"
Egyptian Center for Economic Studies
Cairo, Egypt
November 19-20, 2000

Dollarization Does Not Make Sense Everywhere
by John Williamson, Peterson Institute for International Economics
Revised outline of remarks on "To Dollarize or Not to Dollarize: Exchange-Rate Choices for the Western Hemisphere"
North-South Institute
Ottawa, Canada
October 4-5, 2000

Modernizing the International Financial Architecture: Big Outstanding Issues
by John Williamson, Peterson Institute for International Economics
Outline of a presentation at the inaugural session of the Centro Brasileiro de Relacoes Internacionais
Rio de Janeiro, Brazil
September 15, 2000

A More Focused IMF
by John Williamson, Peterson Institute for International Economics
Outline of a presentation at a conference on "The Future of the Bretton Woods Institutions: The European Contribution to the Debate on the New Financial Architecture"
Organized by the American Council on Germany and the Reinventing Bretton Woods Committee
Paris, France
September 13, 2000

The Coming Rise of the Euro
by C. Fred Bergsten, Peterson Institute for International Economics
Speech given before the World Economic Forum
Davos, Switzerland
January 28, 2000

Are Intermediate Regimes Vanishing?
by John Williamson, Peterson Institute for International Economics
Speech given at the international conference on "Exchange Rate Regimes in Emerging Market Economies"
Tokyo, Japan
December 17-18, 1999

Future Exchange Rate Regimes for Developing East Asia: Exploring the Policy Options
by John Williamson, Peterson Institute for International Economics
Paper presented to a conference on "Asia in Economic Recovery: Policy Options for Growth and Stability"
Organized by the Institute of Policy Studies
Singapore
June 21-22, 1999

The International Monetary System: Facing the Challenge of Globalization
by Eduard Balladur
Presented at the Institute for International Economics
Washington, DC
May 25, 1999

Alternative Exchange Rate Systems and Reform of the International Financial Architecture
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Banking and Financial Services
United States House of Representatives
Washington, DC
May 21, 1999

Alternative Exchange Rate Systems and Reform of the International Financial Architecture
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Committee on Banking and Financial Services
United States House of Representatives
Washington, DC
May 21, 1999

Dollarization as Diet
by Catherine L. Mann, Peterson Institute for International Economics
Statement before a joint hearing of the Subcommittee on Economic Policy and the Subcommittee on International Trade and Finance
Committee on Banking, Housing, and Urban Affairs
United States Senate
Washington, DC
April 22, 1999

Dollarization in Emerging-Market Economies and Its Policy Implications for the United States
by C. Fred Bergsten, Peterson Institute for International Economics
Testimony before the Joint Hearing of the Subcommittee on Economic Policy and the Subcommittee on International Trade and Finance
Committee on Banking, Housing, and Urban Affairs
United States Senate
Washington, DC
April 22, 1999

The Decline of the Dollar
by C. Fred Bergsten, Peterson Institute for International Economics
Speech given before the World Economic Forum
Davos, Switzerland
January 29, 1999

How to Target Exchange Rates: G7 Countries Should Allow Their Currencies to Fluctuate within Agreed EMS-Style Ranges
by C. Fred Bergsten, Peterson Institute for International Economics
Article published in the Financial Times
November 20, 1998

Crawling Bands or Monitoring Bands: How to Manage Exchange Rates in a World of Capital Mobility
by John Williamson, The World Bank
Article from International Finance
October 1998

Europe's Monetary Union, the United States and International Cooperation
by C. Randall Henning, Peterson Institute for International Economics
Testimony before the Subcommittee on Domestic and International Monetary Policy
Committee on Banking and Financial Services
United States House of Representatives
Washington, DC
April 18, 1998

Monetary Transparency in a Time of Change
by Adam S. Posen, Peterson Institute for International Economics
Statement at the National Association of Business Economists Annual Meeting
September 17, 1997

The Dollar and the Euro
by C. Fred Bergsten, Peterson Institute for International Economics
Reprinted from Foreign Affairs
July-August 1997

The Case for a Common Basket Peg for East Asian Currencies
by John Williamson, Peterson Institute for International Economics
Paper presented to a conference on "Exchange Rate Policies in Emerging Asian Countries: Domestic and International Aspects"
Association for the Monetary Union of Europe
and the Korea Institute of Finance
November 15-16, 1996

The Management of Capital Inflows
by John Williamson, Peterson Institute for International Economics
Paper published in Pensamiento Iberoamericano
January-June 1995

Op-eds

Why the Euro Is Not the Next Global Currency
by Jean Pisani-Ferry, Bruegel
and Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
October 19, 2009

The Case for Regular SDR Issues: Fixing Inconsistency in Balance-of-Payments Targets
by John Williamson, Peterson Institute for International Economics
Op-ed in VoxEU.org
October 2, 2009

The Ruble as a Global Reserve Currency? No!
by Anders Aslund, Peterson Institute for International Economics
Op-ed in the Moscow Times
September 23, 2009

How To Prevent an Unruly Rush for the Exit
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
September 17, 2009

Control High Inflation, Not Exchange Rates
by Anders Aslund, Peterson Institute for International Economics
Op-ed in the Moscow Times
August 26, 2009

America Cannot Resolve Global Imbalances on Its Own
by C. Fred Bergsten, Peterson Institute for International Economics
and Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Financial Times
August 19, 2009

China's Dollar Delusion
by Swaminathan Aiyar, Cato Institute
and Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Guardian
July 8, 2009

We Risk Calamity unless China Safely Offloads Unwanted Dollars
by C. Fred Bergsten, Peterson Institute for International Economics
Letter to the Editor of the Financial Times
April 22, 2009

We Should Listen to Beijing's Currency Idea
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
April 8, 2009

Is China Having It Both Ways?
by Arvind Subramanian, Peterson Institute for International Economics
Post on the Wall Street Journal's Real Time Economics
March 25, 2009

From Financial Folly to Trade Troubles?
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Business Standard, New Delhi
December 24, 2008

Imbalances and Undervalued Exchange Rates: Rehabilitating Keynes
by Arvind Subramanian, Peterson Institute for International Economics
Post on the Financial Times' Economists' Forum
November 9, 2008

Volcker-Reagan Rerun [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the column "The Monetary Realist" in the International Economy
August 22, 2008

A Global Approach Is Needed to Beat Inflation
by Adam S. Posen, Peterson Institute for International Economics
and Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Financial Times
August 21, 2008

China's Currency Needs to Rise Further
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed in the Financial Times
July 22, 2008

Inflation's Sunspots Stain Economic Successes in Post-Communist Region
by Anders Aslund, Peterson Institute for International Economics
Op-ed in the Moscow Times
June 25, 2008

Who Needs Inflation Targeting?
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Business Standard, New Delhi
April 22, 2008

Floating the Hryvnia Arms the National Bank to Fight Inflation Now
by Anders Aslund, Peterson Institute for International Economics
Op-ed in the Kyiv Post
April 3, 2008

Will Dollar Revive Following Dive?
by Claire Brunel, Peterson Institute for International Economics
and Doug Dowson, Peterson Institute for International Economics
Op-ed in the Omaha World-Herald
December 30, 2007

Objections Do Not Invalidate Substitution Account Benefits
by C. Fred Bergsten, Peterson Institute for International Economics
Letter to the editor in the Financial Times in response to letter
by International Monetary Fund (IMF) historian James M. Boughton
December 28, 2007

The Renminbi: The Panda in the Room
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Business Standard, New Delhi
December 28, 2007

How to Solve the Problem of the Dollar
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
December 11, 2007

Not Yet for the Euro
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Welt am Sonntag
December 5, 2007

Europe Must Look East to Deal with the Euro
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
October 11, 2007

Exchange Rate Management: Reassuring Politics, Reasonable Economics
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in the Business Standard, New Delhi
July 27, 2007

Rupee Appreciation: Lessons from China
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in Business Standard, New Delhi
May 22, 2007

Overheating, Exchange Rates, and Foreign Capital
by Arvind Subramanian, Peterson Institute for International Economics
Op-ed in Business Standard
May 10, 2007

What's In A Name?
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in The International Economy
April 21, 2007

The Virtues of Self-Restraint
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in Central Banking (XVII: 4)
April 18, 2007

The Yen Beckons China’s Dollars
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
March 12, 2007

Exchange Rates, Fair Play, and the "Grand Bargain"
by Morris Goldstein, Peterson Institute for International Economics
Op-ed in the Financial Times
April 21, 2006

A New Way to Deal with the Renminbi
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed in the Financial Times
January 20, 2006

The Fund Appears to Be Sleeping at the Wheel
by Morris Goldstein, Peterson Institute for International Economics
and Michael Mussa, Peterson Institute for International Economics
Op-ed in the Financial Times
October 3, 2005

A Clash of the Titans Could Hurt Us All
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
August 25, 2005

China's Revaluation Shows Size Really Matters
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed in the Financial Times
July 22, 2005

The Fed Must Be Open About Applying the Brakes
by Edwin M. Truman, Peterson Institute for International Economics
Op-ed in the Financial Times
May 2, 2005

When the Dollar Bill Comes Due
by Catherine L. Mann, Peterson Institute for International Economics
and Katharina Plück, Peterson Institute for International Economics
Op-ed
April 27, 2005

An Action Plan to Stop the Market Manipulators Now
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in the Financial Times
March 14, 2005

A Faulty Strategy Weakens China's Prospects
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed in the Financial Times
March 4, 2005

The Dollar Dance
by Morris Goldstein, Peterson Institute for International Economics
Op-ed in The Baltimore Sun
December 20, 2004

Don't Push China Too Hard
by Marcus Noland, Peterson Institute for International Economics
Op-ed in the Far Eastern Economic Review
October 21, 2004

Bubbles Are Getting Blown Out of All Proportion
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
September 8, 2004

Avoiding a Currency War [pdf]
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the International Economy
September 2004

Currency Manipulation
by Morris Goldstein, Peterson Institute for International Economics
Op-ed published in Korean in JoongAng Ilbo
December 9, 2003
and in English in JoongAng Daily
December 11, 2003

The Exchange Rate of the Won
by C. Fred Bergsten, Peterson Institute for International Economics
Op-ed in JoongAng Ilbo
October 2003

Two-Stage Currency Reform for China
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed from the Asian Wall Street Journal
September 12, 2003

A Modest Proposal for China's Renminbi
by Morris Goldstein, Peterson Institute for International Economics
and Nicholas R. Lardy, Peterson Institute for International Economics
Op-ed from the Financial Times
August 26, 2003

Inflation Must Become Europe's Target
by Edwin M. Truman, Peterson Institute for International Economics
Op-ed in the Financial Times
December 17, 2002

Books

Euro at Ten: The Next Global Currency?
edited by Jean Pisani-Ferry and Adam S. Posen
July 2009

Future of China's Exchange Rate Policy, The
by Morris Goldstein and Nicholas R. Lardy
July 2009

China's Rise: Challenges and Opportunities (hardcover)
by C. Fred Bergsten , Charles Freeman , Nicholas R. Lardy and Derek J. Mitchell
September 2008

Accountability and Oversight of US Exchange Rate Policy
by C. Randall Henning
June 2008

Debating China's Exchange Rate Policy
edited by Morris Goldstein and Nicholas R. Lardy
April 2008

Reference Rates and the International Monetary System
by John Williamson
January 2007

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets
by John Williamson
July 2005

Euro at Five: Ready for a Global Role?
edited by Adam S. Posen
April 2005

Exchange Rate Regimes in East Asia

March 2005

Dollar Adjustment: How Far? Against What?
edited by C. Fred Bergsten and John Williamson
November 2004

Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies
by Nouriel Roubini and Brad Setser
August 2004

Controlling Currency Mismatches in Emerging Markets
by Morris Goldstein and Philip Turner
April 2004

Inflation Targeting in the World Economy
by Edwin M. Truman
October 2003

After the Washington Consensus: Restarting Growth and Reform in Latin America
edited by Pedro-Pablo Kuczynski and John Williamson
March 2003

Dollar Overvaluation and the World Economy
edited by C. Fred Bergsten and John Williamson
February 2003

East Asian Financial Cooperation
by C. Randall Henning
October 2002

Argentina y el FMI: Del triunfo a la tragedia
by Michael Mussa
August 2002 (Out-of-Print)

Argentina and the Fund: From Triumph to Tragedy
by Michael Mussa
July 2002

Managed Floating Plus
by Morris Goldstein
March 2002

Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option
by John Williamson
September 2000

Global Economic Effects of the Asian Currency Devaluations
by Li-Gang Liu , Sherman Robinson , Zhi Wang and Marcus Noland
July 1998

Real Exchange Rates for the Year 2000
by Simon Wren-Lewis and Rebecca Driver with contributions from John Williamson and Molly Mahar
May 1998

Cooperating with Europe's Monetary Union
by C. Randall Henning
May 1997

Case for an International Banking Standard
by Morris Goldstein
April 1997

Crawling Band as an Exchange Rate Regime: Lessons from Chile, Colombia, and Israel
by John Williamson
September 1996

What Role for Currency Boards?
by John Williamson
September 1995

Currencies and Politics in the United States, Germany, and Japan
by C. Randall Henning
September 1994

Estimating Equilibrium Exchange Rates
edited by John Williamson
September 1994

Does Foreign Exchange Intervention Work?
by Kathryn M. Dominguez and Jeffrey A. Frankel
September 1993