Richard Baldwin
Richard Baldwin's Latest Articles | 5
How to Destroy the Eurozone: Feldstein’s Euro-Holiday Idea
Martin Feldstein suggested last week that Greece take a “holiday” from the Eurozone, rejoining with a depreciated nominal exchange rate. This column argues that... Read »
The Illusion of Improving Global Imbalances
Global imbalances are shrinking at a fabulous rate. This column argues that these improvements are mostly illusory – the transitory side-effect of the greatest... Read »
Calomiris on Historical Crisis Lessons
Policymakers and macroeconomists often remind us that banking crises are nothing new. This column, based on recent papers by Columbia professor Charles Calomiris,... Read »
How Many Jobs are Onshorable? Re-Interpreting the Blinder Numbers in the Light of New Trade Theory
According to Alan Blinder, constant improvements in global communications will bring much more offshoring of “impersonal services’’, with an estimated 30 million... Read »
Developing Nations and Capital Flows: The IMF’s New Facility
As the crisis evolves, capital will flow out of emerging countries. The IMF’s new facility may help with short term shocks. It is also a useful step towards... Read »






