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How to achieve lasting peace in the currency war

Barry Eichengreen of the University of California says the Fed, BOJ, ECB should engage in co-ordinated quantitative easing so they all can export more to each other. He says simultaneous easing won't give investors the chance to favour one of their currencies over the others.

The rise of the 'pain caucus'

A snarky Paul Krugman fears the austerity hawks pushing for higher interest rates are drowning out the monetarists pushing for more stimulus.



Back to the rewrite desk

World Bank chief Robert Zoellick has sent the draft of the organization's yearly World Development Report back to his team for revisions. The report, which was due this fall, likely won't be ready until 2011. Mr. Zoellick was apparently unhappy with the section on fragile states and how to get them on the right track.





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