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November 27, 2006

Monetary Policy
Stephen Jen: only 60% of China’s reserves are in dollars.

Stephen Jen sometimes says the darnedest things.  Not about currencies.   But about reserves. His estimates for oil reserve growth have been consistently on the low side.   Norway, the UAE and Kuwait…

Blog Post by Brad W. Setser Follow the Money

March 26, 2007

China
Commentary on the People’s Investment Company has been outsourced to Stephen Green

Stephen Green of Standard Chartered has the best analysis I have seen of the bureaucratic politics behind the creation of China’s new state investment company, as well as the best analysis of the con…

Blog Post by Brad W. Setser Follow the Money

August 14, 2006

United States
I don’t think Stephen Jen can argue that I have been inconsistent.

Wrong, maybe, but not inconsistent.Stephen Jen notes that China is not the only country with an enormous current account surplus that intervenes massively in the foreign exchange market – “If…

Blog Post by Brad W. Setser Follow the Money

November 18, 2005

Monetary Policy
Stephen Kirchner needs to spend some time looking for petrodollars …

Stephen Kirchner (Institutional Economics) has taken particular glee in the recent TIC data, as recent inflows into the US has been large enough to finance even larger current account deficits than t…

Blog Post by Brad W. Setser Follow the Money

February 28, 2018

China
China Is Likely to Enter Another Long Period of Severe Dictatorship

Term limits for the leadership are not usually found in dictatorships. The Chinese Communist Party’s proposed abolition of China’s presidential term limit means that it has forgotten one of the main …

Chinese President Xi Jinping speaks as China's new Politburo Standing Committee members meet with the press at the Great Hall of the People in Beijing, China October 25, 2017.
Blog Post by Jerome A. Cohen Asia Unbound

January 22, 2024

Economics
An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group
Blog Post by Brad W. Setser and Stephen Paduano Follow the Money