World must let U.S. win currency war

August 16, 2011

Currency wars have returned, and this time the world has little choice but to let the United States win. The Fed’s vow to keep U.S. interest rates near zero until 2013 heralds a prolonged devaluation of the dollar. For export nations, the temptation is to fight back by pushing their own currencies lower. That’s a mistake.

Euro crisis could make IMF bigger and softer

January 10, 2012

Europe’s travails are an opportunity for the IMF. Its kitty is nearing $1 trillion and should get heftier in 2012. And loan conditions may soften if more powerful nations come asking for help. There are risks, but this is preferable to ever rising national currency reserves.

A cabal plotting against the dollar?

October 6, 2009

A report in Britain's Independent newspaper that Gulf Arab states are in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies for trading oil is almost certainly an exaggeration. It has already been denied by many of the countries allegedly involved.