Some of the articles I have read lately that I deem worthy of further consideration.
NY Fed: perhaps we don't need the all-encompassing solution to Europe's soveriegn debt crisis. Lessons from the resolution of the speculative attack on the European exchange rate mechanism in the early 1990s - here.
John Kay weighs in on the state of economics. Probably the most lucid piece I have read on the topic yet. Here.
Some throwback Michael Pettis on the what the PBoC can and can't do with their reserves. Here.
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