Good Reads for a Chilly Afternoon

Russia's credit rating downgraded, though not all the way to junk status.

Dani Rodrik advocates financial regulatory experimentation rather than normalization.

Japan and the EU aren't feeling the love.

Valuing equity investments in microfinance.

Martin Wolf on why the U.S. is still needed to lead the international economic system, what the U.S. should do, what the rest of the world should do, and giving more resources to the IMF.

Speaking of the IMF, Dani Rodrik on expanding SDRs.