World Aug 15 Russia’s central bank raises interest rates in bid to stabilize ruble By Dasha Litvinova, David McHugh, Associated Press
Economy Jan 12 Move over Big Mac, the Mini Mac Index is here to stay The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?… By Benn Steil, Emma Smith
Making Sen$e Jul 30 Big Mac index: Is the U.S. dollar overvalued? Everyone knows prices in the U.S. vary regionally, just like certain products are cheaper in China, say, or far cheaper in the Ukraine. But that hardly demonstrates that the renminbi or hyrvnia currencies are overvalued, Paul Solman says, noting that… By Paul Solman
Economy Jul 30 Watch Falling dollar Leaders of the industrial world met in Florida earlier this year to discuss international finances and exchange rates. Paul Solman reports from New York on the effects of the fall of the U.S. dollar against other currencies, the biggest currency… By PBS News Hour
Economy Jan 02 When the U.S. enters into free-trade agreements, are there any rules prohibiting manipulation of foreign exchange rates? Question/Comment: When the U.S. enters into free-trade agreements, are there any rules prohibiting manipulation of foreign exchange rates? I thought the purpose of floating rates set by the market was to adjust for imbalances in trade. Obviously, that is not…