Grimes Unveils Asia-Pacific Insights in Published Article

Professor William Grimes, along with Dr. Yaechan Lee and Dr. William Kring, published an article on financial cooperation in the Asia-Pacific. Analyzing emergency liquidity provision mechanisms, they explored the intricate dynamics among major economies, shedding light on uncertainty during currency crises. The research, supported by the Japan Foundation, marks a significant contribution.

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Grimes Deciphers Yen’s Financial Dance

Professor Grimes shared key insights on the Bank of Japan’s strategic move to raise interest rates, asserting that it marked the initial step toward Japanese monetary policy normalization. The article explores Grimes’ sequential approach, foreseeing Yield Curve Control easing, Quantitative Easing tapering, and the elimination of the Zero Interest Rate Policy.

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Grimes Comments on U.S. Interest Rate Hikes & Global Exchange Rates

While the Federal Reserve will likely raise interest rates again, Professor Grimes argues that the cycle of monetary tightening is coming to an end. However, the Bank of Japan is not in a position to tighten its monetary policy. As a result, Grimes does not envision the dollar/yen exchange rate moving as much as people expect.

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Grimes and Lee Publish Article Exploring Impact of South Korea’s Developmental Legacy

Professor Grimes and Yaechan Lee show that in times of economic stress, the NPS has shifted its investments to support state objectives of financial stabilization rather than profit maximization, demonstrating the ways in which developmentalist legacies live long after their official mandates have changed.

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Longman Appointed Associate Dean for Academic Affairs

Professor Longman, an outstanding scholar with extensive leadership experience having served as director of numerous bodies across Boston University, will continue to raise the profile of the school and find innovative new directions for our community.

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What Did 2021 Teach Us About International Affairs?

In reflecting on 2021, Pardee School faculty offer their thoughts on the lessons that can be gleaned from this past year. Chief among the responses: multilateralism and global democracy are in decline.

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