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[Delong.typepad.com] Brad DeLong's Semi-Daily Journal: International Finance: Don't get me wrong--I do think that it is better than every other macro textbook out there, being clearer (though less comprehensive) than Abel-Bernanke, more comprehensive (at the cost of only a little bit of additional difficulty) than Mankiw, and much more approachable (though not as theoretically sophisticated) than Blanchard. But I wish that people who read through or take a course based on the book could then have the tools needed to analyze things like, say, the current debate over the dangers to the U.S. economy from a "hard landing" of the international monetary system.

 [Fistfulofeuros.net] A Fistful of Euros: It's Deficit Time Again: THE European Union?s stability pact …………died an early, political death, when in November of last year the euro area?s finance ministers refused to punish their French and German colleagues for repeatedly running budget deficits in excess of 3% of GDP. On Friday September 3rd Romano Prodi, outgoing president of the commission, and Joaqu?n Almunia, the EU?s commissioner for monetary affairs, announced their proposals for a reformed pact that will be economically literate and politically feasible, albeit legally feeble.

[Thomaspmbarnett.com] Thomas PM Barnett :: Weblog: July 2005 Archives: "What you're looking at is the deep integration of our two economies that is indicative of the current era of globalization," said Thomas Barnett, a consultant who taught at the U.S. Naval War College and is the author of "The Pentagon's New Map." "What doesn't keep pace with that, and is the bugaboo for me, is the political or military understanding."

Reflected tags on Technorati: Blog, International Finance, EconWatch.com