International Economics Update January 2002 Copyright (C) 2002 The International Economics Network http://www.internationaleconomics.net Marginal Notes. No new marginal notes this month, unfortunately. Website Additions. No major new additions this month, unfortunately, although updates continue to be made on the news and research papers section. Interesting Readings. 1. Euro Sclerosis: Even as the euro prepares for life as a physical currency, critics argue that it will never attain its full potential of monetary union so long as the Eurozone economy remains weak ('Not Much Clout for the Euro Without European Sovereignty', http://tm0.com/IHT/sbct.cgi?s=131847734&i=434639&d=2134335). As usual (sigh), the U.S. is expected to save the world once again ('The U.S. Economy Will Get Better, Perhaps Soon', http://www.iht.com/articles/41714.html). 2. Internationally Mocked Figurehead: The IMF has come under a tremendous amount of flak for its handling of the situation in Argentina. Clearly, there are those who argue for the institution (albeit with a new approach) ('A New Appraoch to Sovereign Debt Restructuring', http://www.imf.org/external/np/speeches/2001/122001.htm), as well as its critical detractors ('How the IMF Messed Up Argentina', http://tm0.com/IHT/sbct.cgi?s=131847734&i=438259&d=2150766; 'A Radical Idea: The IMF Should Promote Growth', http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB100950033961014080.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour). Endnotes. This update is sent by request to subscribers. If you wish to join the mailing list, please click on: http://www.internationaleconomics.net/contact.html And enter your email address on the form there. You will receive a verification message confirming your subscription to the International Economics Update mailing list. Please feel free to forward this mailing on to colleagues and friends who might be interested in the subject matter. The usual disclaimers apply. This mail is not spam. You have received this mailing only because you are on the International Economics Update mailing list, for which it is believed that you have voluntarily subscribed to. If you believe that this message was sent in error, or if you wish to remove yourself from the mailing list, please send an e-mail to: webmaster@internationaleconomics.net and you will be removed promptly. Alternatively, you may click on the link below.