…banking system can’t remove reserves from the system by transferring them to the nonbank sector in exchange for bonds, drill presses, or toothpaste futures. One bank can transfer reserves to…

…its current account surplus, the recent lack of flexibility of the renminbi exchange rate and China’s renewed accumulation of foreign exchange reserves risk unwinding some of the progress made in…

…as government bonds: under similar circumstances, people would not want to dump government bonds for cash and foreign securities; they would dump both government bonds and cash for foreign securities….

…that give up the attempt to fix their exchange rates and let their currencies float freely don’t need large foreign currency reserves, because they have no exchange rate target to…

…reserves.” That thing is a regulatory (pro)portion, not a specific set of financial assets, or a balance-sheet entry.) What’s funny here: Excess Reserves are explicitly not reserves in the sense…

…Foreign Exchange Reserves. The US dollars in the foreign exchange reserves can be used for investment anywhere, in Europe for example. Now Europe holds US dollars in their foreign exchange…

It was their idea, so it’s no surprise they like paying interest on reserves, even excess reserves: For quite a while, the Fed was quite happy to have that money…

…. . . Recent Quartz article on Private Label and Brand name. Private-label brands are having a moment in 2024, and it’s no coincidence that some of the biggest winners…

by cactus Forbes and the “Self-Made” Label I’m kinda busy these days, but this topic is small pet peeve of mine: what the heck is up with Forbes and the…

…have to submit articles.” Off-label use of drugs is big business. According to The Wall Street Journal, “[FDA] is stepping into a high-stakes business issue, because off-label uses of prescription…