Despite constant news about the weakening of the Dollar against the Euro, the American currency still is strong compared to the currency of many of its trading partners in Latin America and Asia. The Brazilian Real is a case in point. Although the dollar has fallen about 20% compared to the Real since 2002, this […]

According to an article in the Wall Street Journal (February 25, 2020), the Counterparty Risk Management Policy Group, which was established to monitor risks to the global financial system following the 1998 collapse of Long Term Capital Management, has been quietly revived under the leadership of E. Gerald Corrigan, past president of the Federal Reserve […]