Council of Councils
Think Global Health
Online Store
Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
108 Results for:
Filters
January 13, 2009
Monetary Policy
Secrets of SAFE: A sharp slowdown in reserve growth and large “hot” outflows in q4….
China’s formal foreign exchange reserves rose by about $40 billion in the fourth quarter, rising from $1906 billion to $1946 billion. Adjusted for valuation changes, that works to a $55 billion or …
May 21, 2009
Monetary Policy
China’s new barbell portfolio: Treasuries and commodities?
Keith Bradsher’s New York Times story on the recent evolution of China’s foreign portfolio gets -- at least in my view -- the story right. Of course, that may be because I was -- rather obvious…
July 22, 2009
Monetary Policy
Two trillion and counting …
China’s latest surge in reserves – a surge that look its total holdings over two trillion dollars – didn’t really register in the financial media. China’s first trillion was a big story. The s…
April 20, 2009
The central bank panic of 2008
Central bank purchases of Agencies in 2007 (Setser and Pandey estimate, based on the survey data – the BoP data should be similar once it is revised to reflect the 2008 survey): $300 billion. Centra…
April 15, 2009
Monetary Policy
China reduced its dollar holdings in February
It is a good thing the US trade deficit has come down, because foreign demand for US financial assets -- actually foreign demand for US assets other than short-term Treasury bills -- has dried up. …
