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January 18, 2008

Monetary Policy
The new (financial) world order

In 2007: China’s government added $430b to its foreign exchange reserves. Russia’s government added $150b to its foreign exchange reserves. China’s state banks likely - this is the only…

October 20, 2015

You Might Have Missed: Recent Academic Journal Findings III

This is the third blog post in this series. The previous two were published in February and July, and highlight earlier academic findings. Elizabeth N. Saunders, “War and the Inner Circle: Democrat…

Library_edited

December 30, 2007

China
Does the China investment corporation (CIC) have a coherent investment strategy?

I personally would say no.  And I am not alone.  Tan Wei of mergermarket.com reports (in the FT) “a source familiar with the Chinese government’s thinking … who has direct access to the Chinese g…

April 30, 2006

Can the dollar block survive another bout of dollar weakness?

In case you haven't noticed, the dollar is now closer to 1.30 (v. the euro) than 1.20 - or even 1.15.  Carry is no longer king.   There is talk of a "regime change" in the fx market.  Or at least an …

January 1, 2007

United States
Is Steven Pearlstein right?

Steven Pearlstein’s column “Public debt, private wealth” argues that surge in demand for US financial assets from emerging economies – and overwhelmingly from the governments of emerging economies, n…