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October 22, 2006

Monetary Policy
Yet more evidence China has far more reserves than it needs … courtesy of Olivier Jeanne and Romain Ranciere of the IMF

Francophone economist working in the US seem to be on something of a roll.   Olivier Blanchard (with Giavazzi and Sa) has developed an interesting model for US current account adjustment.  Helene Rey…

Blog Post by Brad W. Setser Follow the Money

November 17, 2006

Monetary Policy
The world, in a single graph

Actually, this post should be titled “everything I think I know about the world, in a single graph.”   The following graph combines various measures of dollar reserve growth with data on the overa…

uphill_flow_1
Blog Post by Brad W. Setser Follow the Money

April 11, 2007

Emerging Markets
It is hard for the world to diversify away from the dollar when the world’s holdings of dollars need to rise by about a trillion a year

OK, I probably should strike “world” and insert “the world’s governments” instead.  It is pretty clear that central banks and oil investment funds provided the bulk of the financing the US needed in …

em_reserve_growth_small
Blog Post by Brad W. Setser Follow the Money

October 3, 2007

Economics
Floating Dubai’s

Apparently, simple yachts are not luxury goods.   John Taglibue of the New York Times on Tuesday:  “Today a mega yacht is indispensable” said Olivier Milliex, head of yacht finance at the Dutch ban…

Blog Post by Brad W. Setser Follow the Money

June 21, 2009

China
The good and bad news in the World Bank’s China Quarterly

The good news in the latest World Bank China Quarterly: One. China is growing, thanks to China’s government. The World Bank estimates that the government’s policy response will account for abou…

china-world-bank-q2-09-1
Blog Post by Brad W. Setser Follow the Money