History
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Conference paper
Towards a New Monetary Constitution in Europe: The Proposal of the German Council of Economic Experts (GCEE)
Apr 2013
After the announcement of Mario Draghi, the ECB president, to do “whatever it takes” to preserve the integrity of the European Monetary Union (EMU) in July 2012 and the establishment of the Outright Monetary Transactions (OMT) program in September 2012, the crisis of EMU is far from being resolved.
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Conference paper
Is Mercantilism Doomed to fail? China, Germany, and Japan and The Exhaustion of Debtor Countries
Apr 2013
Mercantilism, Accumulation of Foreign Exchange Reserves, and RMB Internationalization
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Conference paper
Surveillance, Regulation and Supervision -a solution for the euro?
Apr 2013
Regulation and supervision of banks and financial markets are now upgraded in the euro area. Surveillance of macroeconomic performance of all EU countries is also intensified.
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Conference paper
The European Tragedy: What Way Out?
Apr 2013
Europe can choose its musical accompaniment. In Berlin, 50 Cent’s All Things Fall Apart has just had its premiere. Or go back to Giuseppe Verdi, born two hundred years ago.
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The Euro Zone Currency System: Catalyst or Wrecking Ball of the European Union?
Apr 4, 2013 | 07:15—08:45
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The RMB and The Future of Asian Finance
Apr 4, 2013 | 05:15—06:45
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Conference paper
Renminbi Internationalization: Tempest in a Teapot?
Apr 2013
Internationalization of the renminbi is a stated goal of the Chinese government, its brief flirtation with Special Drawing Rights and an Asian Currency Unit notwithstanding. Chinese officials understand that a dollar-centric international monetary and financial system is a mixedblessing.
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Business Leaders Panel: The Future of the World and Asia's Role
Apr 4, 2013 | 04:00—05:00
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I like IKE
Apr 4, 2013
Imperfect knowledge economics, or IKE to their friends, is popular with all the popular kids. George Soros, Bill Janeway and Anatole Kaletsky were in attendance as Roman Frydman and Michael Goldberg - or more properly, their students - showed the latest work in progress.
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Japan's Money Base Will Be 45% of GDP: US and UK is 19%-21%
Apr 4, 2013
Japan is going to double its money supply, according to today’s front page of the Financial Times (5 April 2013), and a salient question might be what we should compare that to. It sounds like a lot, but is it?
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Where the World Economic Association Started
Apr 4, 2013
Having lunch next to Edward Fullbrook he told me the story of how the post-autistic economic review got its start, leading to what we today know as the World Economic Association and all the great work coming from this community.
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Great Hospitality or Chance to Innovate?
Apr 4, 2013
Some personal touches to hospitality at the INET conference, although I feel for the people who have been holding that sign all day.
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Kuhn vs Lakatos: it is not the institute of anything goes...
Apr 4, 2013
In his opening remarks, Robert Johnson said that this “is not the institute of anything goes” with INET now getting to a point where it needs to stop criticising the mainstream and should instead “create a new vision.”
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Changing of the Guard
PlenaryApr 4–7, 2013
The Institute for New Economic Thinking held its annual plenary conference in Hong Kong from April 4-7, 2013 at the InterContinental Hotel in Kowloon. The event discussed Asia’s emergence in the global economy and other core issues.
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Conference paper
Something for Everyone: Building Incentives for Innovation Ecosystems
Apr 2013
Healthy innovation economies are the main driver of prosperity in the 21st century. But the three players that have traditionally sponsored basic research and invention in those economies are no longer willing or able to perform that role.