August 11, 2008

A Lot to Learn: Many Sovereign Wealth Fund Managers Come up Short in Measures of Sophistication

Source: Knowledge @ Wharton

Many public funds don't adhere to basic norms of modern money management and most don't even appear to make an effort to match their investment strategies with their future financial obligations. "As [sovereign wealth funds] have...

August 11, 2008

Statement by Deputy Secretary Robert M. Kimmitt on Support for Georgia’s Economy

Source: U.S. Treasury Department

Washington– Deputy Secretary of the Treasury Robert M. Kimmitt today issued a statement welcoming the statements of support for Georgia's economy by the International Monetary Fund (IMF), World Bank, and the European Bank for...

August 6, 2008

Op-Ed: Why the U.S. Should Encourage FDI

Source: Working Knowledge, Harvest Business School

American financial executives are courting foreign direct investors, particularly sovereign wealth funds, for new investments. Should these investments draw increased scrutiny from U.S. regulators? Harvard Business School...

July 31, 2008

“Oil Markets: Principles, Perceptions, and Prices”

Source: U.S. Treasury Department

Treasury Under Secretary for International Affairs David H. McCormick; Remarks at the Peterson Institute for International Economics

July 18, 2008

U.S. Executive Director of the Inter-American Development Bank Nominee Miguel R. San Juan Testimony Before Senate Committee on Foreign Relations

Source: Department of Treasury

Washington - Chairman Menendez, Senator Lugar, Members of the Committee, thank you for the opportunity to appear before you today. I am honored that President Bush has nominated me to serve as the United States Executive Director...

July 18, 2008

U.S. Executive Director for the African Development Bank Nominee Mimi Alemayehou Testimony Before Senate Committee on Foreign Relations

Washington - Chairman Menendez, Senator Lugar, and Members of the Committee, I am grateful for the opportunity to appear before you today. I am honored that President Bush has nominated me to serve as the U.S. Executive Director...

July 18, 2008

U.S. Executive Director to the European Bank for Reconstruction and Development Nominee Kenneth L. Peel Testimony Before Senate Committee on Foreign Relations

Source: Department of Treasury

Washington - Chairman Menendez, Senator Lugar, and Members of the Committee, I am grateful to the President for my nomination to be U.S. Executive Director to the European Bank for Reconstruction and Development, and I am...

July 10, 2008

Under Secretary David H. McCormick Remarks on Treasury’s Changing Role in a Global Economy at the Center for International & Strategic Studies

Source: Treasury Department

Washington - Today's global economic and financial system is characterized by increasingly interconnected financial markets and expanding cross-border capital flows. While bringing enormous benefits and efficiencies to the U.S....

July 2, 2008

Tainted Love? Chocolate-Lovers: Cocoa Industry Set to Be a Heartbreaker on July 1, 2008

Source: Adrienne Fitch-Frankel

You gaze at each other, illuminated softly by candlelight. Music plays in the background. Slowly pulling back the ribbon from your gift, your sweetheart glows with delight and anticipation…until the wrapping falls away from the...

June 27, 2008

Vice Chairman Donald L. Kohn At the International Research Forum on Monetary Policy, Frankfurt, Germany

Source: Global Economic Integration and Decoupling

During the past decade, one of the most prominent themes sounded by policymakers, observers, and analysts of international economic developments has been "globalization." Based on rapid advances in trade, finance, transportation,...