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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…

April 1, 2013

Asia
Myanmar: Listen to the Warnings

Over the past two weeks, anti-Muslim violence in Myanmar, which last year had seemed confined to the western state of Rakhine where the religious conflict was intertwined with issues of residency and…

Riot policemen form up near a fire during riots in Meikhtila on March 22, 2013.

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…