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July 18, 2007

China
$136 billion here, $131b there and pretty soon you are talking about real money …

China announced that it added $130.6b to its reserves in the second quarter, only a bit smaller than the $135.7b it added in the first quarter.  Most of the increase was real: if China had 5% of its …

chinese_holdings_of_us_debt

December 3, 2008

China
Should the currency of the country with a large and growing trade surplus and large and growing reserves depreciate against the dollar?

On Monday China apparently decided to allow the renminbi to depreciate against the dollar. Let’s be clear: China generally still has to intervene in the market to keep its currency from appreciat…

Should the currency of the country with a large and growing trade surplus and large and growing reserves depreciate against the dollar?

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 …

Secrets of SAFE: A sharp slowdown in reserve growth and large “hot” outflows in q4….

April 11, 2008

China
China: $154b in q1 reserve growth

Neither the fact that China added $154b to its reserves in the first quarter ($153.9b) nor the fact that the RMB (briefly) broke through 7 was exactly a surprise. China’s reserves were heading u…

china_march_08_2_640_01

June 23, 2017

U.S. Foreign Policy
You Might Have Missed: Academic Journals VI

This is the sixth blog post in this series. The previous five were published in February, July, and October 2015, and January and May 2016, and highlight earlier academic findings. This post was coau…

woman looks into a book