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	<title>Jeffrey Frankel&#039;s Blog</title>
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	<description>Views on the Economy and the World</description>
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		<title>Undervalued Asian currencies</title>
		<link>https://www.jeffrey-frankel.com/2026/08/17/undervalued-asian-currencies/</link>
		
		<dc:creator><![CDATA[jfrankel]]></dc:creator>
		<pubDate>Mon, 17 Aug 2026 18:26:27 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[exchange rates]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[exchange rate]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[intervention]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[yen]]></category>
		<category><![CDATA[yuan]]></category>
		<guid isPermaLink="false">https://www.jeffrey-frankel.com/?p=2348</guid>

					<description><![CDATA[TweetAugust 17 – Observers of international monetary economics have shifted attention back to the exchange rates of Asian currencies.  The concern is that China’s yuan, Japan’s yen and Korea’s won are undervalued.  All three countries run trade and current account surpluses, at a time when the US is running corresponding deficits.  But given the fundamentals [&#8230;]]]></description>
		
		
		
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		<title>Recalling a Cold War adventure in Portugal</title>
		<link>https://www.jeffrey-frankel.com/2026/07/16/recalling-a-cold-war-adventure-in-portugal/</link>
		
		<dc:creator><![CDATA[jfrankel]]></dc:creator>
		<pubDate>Thu, 16 Jul 2026 11:57:22 +0000</pubDate>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Foreign affairs]]></category>
		<category><![CDATA[Krugman]]></category>
		<category><![CDATA[MIT]]></category>
		<category><![CDATA[Portugal]]></category>
		<guid isPermaLink="false">https://www.jeffrey-frankel.com/?p=2335</guid>

					<description><![CDATA[TweetJuly 24, 2026 &#8212;  Fifty years ago this month, I was one of a team of five MIT graduate students who were in Lisbon working for the Central Bank of Portugal.  Paul Krugman, another member of that  team  has reminisced, on the occasion of the semicentennial of the 1976 mission. I will contribute my own [&#8230;]]]></description>
		
		
		
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		<title>1776</title>
		<link>https://www.jeffrey-frankel.com/2026/06/29/1776/</link>
		
		<dc:creator><![CDATA[jfrankel]]></dc:creator>
		<pubDate>Tue, 30 Jun 2026 04:00:26 +0000</pubDate>
				<category><![CDATA[conservatives and liberals]]></category>
		<category><![CDATA[Declaration of Independence]]></category>
		<category><![CDATA[Enlightenment]]></category>
		<category><![CDATA[rights]]></category>
		<category><![CDATA[Wealth of Nations]]></category>
		<guid isPermaLink="false">https://www.jeffrey-frankel.com/?p=2330</guid>

					<description><![CDATA[TweetJune 29, 2026 &#8212; Adam Smith’s book The Wealth of Nations shares with the Declaration of Independence its 1776 birth year and hence its 2026 semiquincentennial.  Both documents incarnated a set of liberal ideas that we associate with the Enlightenment.  Much is made of the egregious respects in which men who spread these ideals, at [&#8230;]]]></description>
		
		
		
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