…profits in order to lower their tax liabilities. Until recently, the U.S. taxed multinational firms headquartered here on their global profits, with credits given for foreign taxes. The foreign profits…

…has been more deliberate in opening up its capital account, and its external liabilities primarily take the form of foreign direct investment. Moreover, its foreign exchange reserves of about $4…

…proposal extends the Institutional View by allowing the preemptive use of CFM/MPMs on foreign currency debt inflows in order to address the systemic risk that could result from foreign exchange…

…that the dollar has devalued. a of the real exchange rate does have our real exchange rate down to 92.22 (1973 = 100) from 116.77 in February 2002 (what the…

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) Don’t have a lot to say except to note that previous versions of this table lumped together “Oil Producers” and…

…in order to prevent an inflationary money supply increase, they do what central bankers call sterilizing the purchase of foreign reserves… and they do this by selling bank issues, bank…

…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…

…of emerging markets. The foreign money also puts pressures on exchange rates and asset prices, and can lead to higher debt ratios. All these lead to buildups in macroeconomic and…

…opportunity and failing the challenge. We are living off the capital — both the military investments and the foreign policy achievements — built up by past administrations. Cuts in foreign…

…market share of foreign films. Foreign films in Japanese cinema, including Hollywood productions, may act as importer of Western values. The market share of foreign films has predictive power for…