83 Results for:

December 20, 2006

Financial Markets
With a lag, the financial world notices how rich the oil exporters have become …

The Economist did a big feature on petrodollars.   Breaking views and a host of financial columnists have hinted that Hank Paulson should have paid a visit to Riyahd as well as Beijing.  The BIS attr…

July 30, 2007

Monetary Policy
The shift toward sovereign wealth funds: the policy debate

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…

February 24, 2009

Monetary Policy
Abu Dhabi’s tentative bailout of Dubai …

The UAE’s central bank will apparently use $10 billion of its foreign exchange reserves to buy $10 billion of a (planned) $20 billion Dubai debt issue. That will provide Dubai with $10 billion in fo…

July 25, 2006

China
A trillion dollars does tend to concentrate the mind …

Statistical agencies usually are not the authoritative source of information on a country’s reserve portfolio.  Nor do they usually comment on exchange rate policy or the investment decisions of a co…

February 23, 2005

United States
Monty Python takes on Asian reserve accumulation

This is too good for me not to link to it.Billmon has reduced the Roubini-Setser critique of Bretton Woods 2 down to its essential elements.The Lex column in the Financial Times covers similar ground…