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Paul Krugman and Steve Keen have been debating endogenous versus exogenous money - as well as some other issues - for the past few days. The debate appears to have drawn to close, so here I offer a summary for those who can't see the wood for the trees.

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The Reserve Bank of India's scope for a series of interest-rate cuts to bolster a slowing economy may be hampered by inflation risks from a budget deficit projected to exceed 5 percent for a second year.

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Outspoken SocGen strategist Albert Edwards notes that there are plenty of folks who earned their knighthoods for their financial accomplishments who subsequently led countries and institutions right into the financial crisis.

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All Central Bank Balance Sheets Are Exploding Higher, Or Engaged In QE. The degree to which central banks around the world are printing money is unprecedented.

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In der Affäre um Nationalbank-Präsident Philipp Hildebrand nimmt erstmals sein Kundenberater bei der Bank Sarasin Stellung: Hildebrands Frau Kashya habe am 15. August den umstrittenen Dollar-Kaufauftrag in ihrer Galerie aus eigener Initiative mündlich erteilt.

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The Reserve Bank of Australia has confirmed it intervened in the foreign exchange market to support the Australian dollar.

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Russia’s international reserves tumbled $30.3 billion last week, the second-biggest drop on record, as the central bank accelerated the pace of the ruble’s devaluation and sold more foreign currency to manage the decline.

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"As we reported earlier, The Independent appears to have rocked the world on Tuesday with its Robert Fisk exclusive exposing a secret plot by international central banks to topple the US dollar."

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