137 Results for:

November 26, 2007

Financial Markets
Oil math

I loved the FT.com’s interactive oil map – particularly the graph showing the global flow of oil. I was also impressed by Qing Wang’s analysis of the impact of rising oil prices on China.   China …

May 29, 2008

Monetary Policy
What cann’t go on still hasn’t slowed, let alone stopped (Chinese reserve growth)

This is Brad Setser once again. Thanks to Rachel Ziemba for filling in while I was away. A couple of regular readers have reported some difficulty posting comments at the cfr.org blog. My apolog…

March 5, 2008

China
What can not go on forever seems to be going on forever: China’s amazing January reserve growth

Let’s just say that Wang Qishan has his work cut out for him.Reuters reports that China’s reserves increased by $61.6b in January alone. That is a stunning sum. $60b is roughly the size of the US m…

June 19, 2008

China
Four bits of information to help understand China a little better …

Energy use is subsidized – even though China is a net importer of energy. Even after increasing domestic gasoline prices by 17%, Chinese prices will remain below the world market price. The World …

April 27, 2008

China
What keeps Zhou Xiaochuan up at night

Friday’s Lex column highlighted the possibility that China’s real reserve growth may be far higher than the published increase in its reserves – and thus a lot more hot money may be flowing into Chin…

china_hot_money_april_08_1

May 7, 2008

China
Has China lost interest in the euro?

The blogosphere’s eyes and ears in the London foreign exchange market -- Macro man -- thinks so. China has, he thinks, been a net seller of euros over the past few weeks.   That is something of a …

November 15, 2008

Monetary Policy
The Fed has been forced to seek risk while other central banks seek safety

A global slowdown -- likely a severe global slowdown -- is now underway. Last week’s data erased any real doubt. US retail sales are down. US real goods exports fell in September, and the Octob…

The Fed has been forced to seek risk while other central banks seek safety

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?

July 21, 2008

Monetary Policy
Just how much money does China have? How fast are China’s foreign assets growing? And how much is hot money?

Answering these questions has been a long-term obsession of mine. I am not sure I have the answers, even now. China’s government doesn’t make tracking the growth of its foreign assets easy. …

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April 19, 2009

China
(Green) bamboo shoots?

Economists scouring the globe for highs of hope (or at least a slower rate of decline) have found a few green shoots in China. A smaller fall in the March import data. A faster y/y rise in indus…

(Green) bamboo shoots?