February 16, 2018United States
Up until 2014, the growth in central bank dollar reserves closely mapped to the increase in U.S. net external debt. The past few years have been different: for the first time in a long time, yield-st…
February 12, 2018China
China's balance of payments data doesn't show any material increase in the pace of offshore lending.
January 24, 2018United States
Trump’s tax cut has not, to date, unleashed a wave of global demand for U.S. dollar assets. In fact, the dollar weakened as prospects for the tax cut—and associated rise in the U.S. federal budget…
June 27, 2013Cybersecurity
Sharone Tobias is a Research Associate for Asia Studies at the Council on Foreign Relations. Earlier this month, Taiwanese Internet advocacy groups succeeded in shutting down an anti-piracy bill sim…
January 3, 2018China
The ECB has almost certainly had a bigger impact on U.S. rates over the last three years than the PBOC, without buying (or selling) any Treasuries.