News
Bloomberg | Draghi Relegating Rates Makes OMT Policy Weapon of Choice
Mario Draghi’s bond-buying plan has become the European Central Bank’s weapon of choice to reduce interest rates even before it has been activated.
Market Watch | Fed delays Basel III bank capital rules
U.S. regulators on Friday agreed to delay indefinitely the effective date of a global agreement on greater bank capital buffers known as Basel III.
CNN Money | Inflation slows in China
Chinese consumers paid 1.7% more for goods in October than they did a year ago, the government's National Bureau of Statistics reported Friday. That's down from a 1.9% increase in September.
WSJ | China in Tug of War on Yuan
China is reining in the yuan after weeks of steady appreciation, a move that could help its big exporters but undercut its long-standing pledge to give the market greater sway in the currency's fate.
Econ Comments & Analysis
Market Watch | Fed policy may be easier than understood: Bullard
Federal Reserve monetary policy may be "considerably easier" than commonly understood, said James Bullard, the president of the St. Louis Federal Reserve Bank, on Thursday.
Blogs
Free Banking | Medium of exchange versus unit of account
Where the local currency is not the dominant unit of account, changes in the local central bank’s policy will have much weaker effects on the economy than if people are using the local currency both as a medium of exchange and unit of account.
