Posts Tagged ‘sovereign debt’

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    Maybe Money Makes A Nation

    Nov 30, 10 • 149 Views • Developing Economies, Economic History, Financial MarketsNo Comments

    In “Thinking About Capitalism,” economic historian Jerry Z. Muller tells us that 16th and 17th century wars were “decided by whichever government was the first to run out of money.” Astoundingly, the American colonies did not run out

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    Fiscal Insight

    Jun 16, 10 • 169 Views • Government, International Trade and FinanceNo Comments

    Picture this political cartoon: In some unknown ocean, a Chinese submarine confronts a U.S. navy vessel with the Chinese submarine captain saying, “Turn around or we sell all your T-bills.” The caption says, “Chinese sub threatens U.S.

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    The Ant or the Grasshopper?

    May 27, 10 • 219 Views • Government, International Trade and Finance, Thinking EconomicallyNo Comments

    “What a silly little ant you are,” said the grasshopper in The Ant and the Grasshopper. “Forget about work…Enjoy the summer!” But all day, everyday, grain by grain, the ant continued to gather and store her wheat. When

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    Grading a Country

    May 10, 10 • 154 Views • Businesses, GovernmentNo Comments

    We could say that the graders of sovereign debt use a “rubric” to decide whether a country has a high or a low score. In the classroom, students are given rubrics which specifically describe how a test is graded. A rubric is a list of facts and

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    A Contagious Disease

    May 6, 10 • 178 Views • Economic Thinkers, Financial Markets, GovernmentNo Comments

    Seeing the Bloomberg Businessweek headline, “Greek Contagion Spurs Surge in Portugal, Spanish Debt Swaps,” I started thinking about diagnosing fiscal illness, treating it, and contagion. How can we diagnose the illness? The illness