links for 2010-05-09

• The pros and cons of financial innovation - The New Yorker
• Exchange rate undervaluation: Can neo-mercantilism work? - voxeu
• Virginia AG Cuccinelli Out To Kill Academic Freedom - EconoSpeak
• The “E” and the “M” of the EMU - Models & Agents
• A Market for Movies - NYTimes.com
• Staying sane in a crazy market - Econbrowser
• El-Erian on Europe’s ‘massive policy response’ - FT Alphaville
• What Makes a Successful Currency Union? - World Bank
• Learning To Love Heterarchy - Economic Principals
• The ECB Takes a Very Big Step - Real Time Economics
• Cancel Only 90% of the “Erroneous” Trades - Donald Marron
• More on the Deepwater Horizon - Econbrowser
• Serious reform starts with a systemic risk tax - voxeu
• naked capitalism - links
• Paul Kedrosky - links
• Market Wise - links
• Marginal Revolution - links
• Credit Writedowns - links
• Abnormal Returns - links
• Marginal Revolution - links
• Financial News Express - links