Irving Fisher was the first economist to posit what has come to be known as uncovered interest parity relation. He was also the first to offer a peso-problem type explanation for important episodes in which it was violated. After reviewing his theoretical and empirical work on this subject, we...

This paper reviews the special issue “Policy Implications of and Lessons from the Global Financial Crisis,” and its themes: Global liquidity and the use of international reserves; real and financial economic patterns before and during the global financial crisis.