255 Results for:

October 9, 2007

Financial Markets
Outsourced (the United States’ strong dollar policy)

Alan Ruskin of RBS Greenwich capital makes an important point in the Financial Times.  The US has effectively outsourced its strong dollar policy to the emerging world.    It isn't even clear that th…

July 9, 2008

China
Maybe China is a typical creditor after all

Creditors through the ages haven’t liked to take policy advice from debtors. They generally tend to think that borrowers should listen to the advice offered by those lending them money. And they…

July 31, 2008

China
Back to the future: Is China’s new RMB policy China’s old RMB policy?

The odds that the US slipped into a recession around the turn of the year have increased. Nouriel Roubini is convinced. Jim Hamilton isn’t. The risk that US growth may slow later the in year …

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January 29, 2009

Monetary Policy
Read Dean, Areddy and Ng on the management of China’s reserves during the crisis

Dean, Areddy and Ng key their story off Wen’s criticism of US economic management. But it is really much more about the political fallout inside China from China’s losses on investments that they c…

January 30, 2009

Monetary Policy
Secrets of SAFE: A trillion of Treasuries here, a trillion there and pretty soon you are talking about real money ...

China has $1946 billion in reserves. The PBoC had another $185 billion in “other foreign assets” at the end of November. Given the fall in China’s reserve requirement, now likely has maybe $160 …

Secrets of SAFE: A trillion of Treasuries here, a trillion there and pretty soon you are talking about real money ...