The 2022 Globie: Money and Empire
…by foreign investors when doubts arise about the solvency of the projects they have financed. The withdrawal of foreign capital exacerbates the instability of the last stages of the cycle….
…by foreign investors when doubts arise about the solvency of the projects they have financed. The withdrawal of foreign capital exacerbates the instability of the last stages of the cycle….
…of other currencies in terms of trade invoicing , foreign exchange trading, and most other measures. The U.S. also holds a dominant role in international financial flows. Sarah Bauerle Danzman…
…domestic pull factors, such as economic growth and international reserves, are statistically significant at the lower quantiles, but their significance diminishes in the higher quantiles. Foreign investors pay attention to…
…robotic and simpleminded take on even the most serious foreign policy issues, I suggest a comparison of his statements (and those of his loopy foreign policy advisors) with this column…
…ago. Twenty years ago, the U.S. investments abroad roughly equaled foreign investments in the U.S. Today, foreign investments in the U.S. exceed U.S. investments abroad by roughly $3 trillion or…
…two types: M2 (basically checking deposits plus a trivial amount of physical cash), and MB (the “monetary base”) — banks’ deposit holdings in their accounts at the central bank, a.k.a. “bank reserves.”1 2 Fixed-price…
…and foreign-currency reserves have risen by more than that amount just since July. The soaring price of oil has helped Russia increase the federal budget tenfold since 1999 while paying…
…the Colombian central bank on Friday announced plans for direct intervention in the foreign exchange market to the tune of 3 trillion pesos (only after lesser and indirect measures announced…
…response to inevitable objections, and a definition of terms: 1. By “financial asset” I mean something that has exchange value — somebody will give you something in exchange for it…
…China just confirmed its participation. Textbook economics says that a central bank cannot have it all: independent monetary policy, a fixed exchange rate, and open financial markets (the impossible trinity)….