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October 30, 2006

Financial Markets
The UAE still has 98% of its reserves in dollars

Far me it from me to disagree with the Economonitor, but isn't the real surprise in today's Bloomberg story is that the UAE still has 98% of its reserves in dollars?  And that the UAE is still studyi…

Blog Post by Brad W. Setser Follow the Money

October 18, 2024

United States
Election 2024: Is the United States Ready to Confront the Axis of Autocracies?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: Rising cooperation among China, Russia, Iran, and North Korea will likely test whoever takes office…

Putin and Kim Jong-un at Pyongyang Summit
Blog Post by James M. Lindsay The Water's Edge

May 17, 2006

Monetary Policy
So where exactly are Russia’s reserves

In the first quarter. Russia's reserves increased by about $20b.Over that same time period, Russia cut back its exposure to the US -- judging from the TIC data -- by almost $5 billion.   Russia's hol…

Blog Post by Brad W. Setser Follow the Money

September 18, 2006

Monetary Policy
Where oh where are Russia’s reserves?

Through the end of July, Russia had added $83.5b to its reserves.  It added around $15b in July alone.  Through the end of July, China had added about $135b to its reserves, including around $13b i…

Blog Post by Brad W. Setser Follow the Money

September 16, 2024

Nigeria
The Unmaking of an Elite

The great tragedy of Nigerian tertiary education is the debasement of its professoriate.

National Association of Nigerian Students (NANS) members staged a protest against prolonged strike action of the Academic Staff Union of Universities in Lagos, Nigeria on September 19, 2022.
Blog Post by Ebenezer Obadare Africa in Transition

September 7, 2005

Monetary Policy
Central banks did not diversify their reserves in 2004

That is the inescapable conclusion of the special section on offshore dollar reserves in the most recent BIS quarterly report - a report that Cynic's Delight has summarized well. The BIS estimates …

Blog Post by Brad W. Setser Follow the Money