…global central banks, discouraged by low yields and protracted declines in the value of the dollar, could start to reduce their adherence on the dollar as a reserve currency. That,…

…China in anticipation of a yuan revaluation. Speculators want to be holding Chinese assets when the currency in which they are denominated jumps in value. The PBoC soaks up this…

…of the relative currency valuations between the euro and the dollar,” he concluded. Analysts were puzzled by Bush’s comments about Greenspan, particularly when Fed officials go to great lengths to…

…more currency and inflation risk with each passing month of US profligacy. But worrying about the US government’s ability to repay the bonds (albeit in future dollars that could be…

…in a painful way before Americans are prompted to save more and spend less. Such a painful pinching is exactly what a currency and financial crisis in the US would…

…related to the yen/dollar exchange rate. The chart shows monthly net purchases of foreign currency reserves by the Japanese central bank since the middle of 2003, with the yen/dollar exchange…

…past year or so, the Japanese CB has started intervening in the currency markets whenever the Yen has fallen below about 108, and they’ve intervened heavily whenever the Yen has…

…could have built dozens of nuclear bombs by now–to store as a deterrent, rattle as weapons of intimidation, sell to the highest bidder for much-needed hard currency, or all three….

…idea, which Mundell would suggest would have no net impact on net exports as the currency would simply appreciate to offset any changes in relative prices from changes in tax…

…well as no net effect on net exports as the currency devaluation offsets the foreign shock. It also predicts that the first shock will appreciate the dollar enough to crowd…