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Martin Wolf must have an amazing research assistant …

Brad Setser | Apr 1, 2006

Either that or he has a lot of time on his hands.

The powerpoint slides that accompany his John Hopkins lecture series on the Global Economy are amazing.  And not just because they are all shaded FT pink.

  • The first set covers financial flows to emerging economies and the crises of the past few years.
  • The second covers emerging market (and central) financing of the US current account deficit and the global savings glut/ investment drought.
  • The third covers Martin Wolf's policy recommendations - his suggests for changing the international financial system. 

Video and audio links can be found here as well.

Wolf thinks big, like Mervyn King and Larry Summers.    Geithner and Bernanke don't explicitly address the future of the "system," but they are also clearly thinking about how the US - and specifically US monetary policy - should respond to major changes in the global economy.

Wolf believes there is a savings glut.   Or a shortage of demand.  But he also doesn't think emerging markets should be financing of the US.    Or that world growth should depend on continued expansion of the already large US current account deficit.  So he wants change.


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