• So, the Fed's QE2 has now set sail. A little while back I warned that this could make life more complicated for policymakers in emerging markets. Here are two new VoxEU columns worrying about the same thing. 
  • I’ve noted before that there are some good parallels between Greece’s current problems and the collapse of Argentina’s currency board. This essay from the San Francisco Fed takes a look at some of the lessons from the Argentine experience (H/t Economist’s View).
  • I know I link to Martin Wolf’s columns in the FT a lot, but normally he’s just so damn good, even when I don’t agree with his conclusions. For a while now I’ve been thinking I should write something about how the current debate over global imbalances echoes Keynes’s concerns during the original Bretton Woods meetings, albeit with the role of Washington reversed from its original part as disdainful current account surplus economy to its new one of resentful current account deficit economy. I still haven’t got round to it, but meanwhile here’s Martin’s latest, which takes that idea as its starting point. Related: Ken Rogoff on the US as wounded lion.
  • A topic I do seem to spend a fair amount of time writing about is the international economic consequences of the rise of China. My focus here is usually external — what this trend means for the rest of us — and I largely rely on others to keep me current with what’s going on inside the world’s second largest economy. One valuable resource here is the World Bank’s China quarterly update: the latest edition is here.
  • In the past I’ve linked to some examples of attempts to track the links between international economics and politics (part of my ongoing interest in geo-economics). Here’s an interesting-sounding paper which tries to see if China’s threats to punish countries for meeting the Dalai Lama shows up in trade data. (H/t Free Exchange).
  • And here’s some more on the political and economic linkages, with Simon Johnson worrying about links between foreign money and the US mid-term elections.