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September 15, 2005

Monetary Policy
Is Asia still accumulating reserves in financial self defense?

I think it is fair to say that I profoundly disagree with this week's Economics Focus column in the Economist, and therefore, I suspect, with the underlying Genbert, McCauley, Park and Persaud paper…

Blog Post by Brad W. Setser Follow the Money

January 9, 2006

Monetary Policy
Don’t invest your reserves in euro …

If you report their value to your boss in dollars.That seems to be the lesson China's State Administration of Foreign Exchange learned in 1999.   I alluded to this story in my last post, but it is to…

Blog Post by Brad W. Setser Follow the Money

May 11, 2015

Intelligence
The Messages the Federal Court of Appeals Sent to Congress and the Executive Branch on Metadata Surveillance

Last week, a federal appeals court ruled that Section 215 of the PATRIOT Act does not authorize the NSA’s telephone metadata surveillance program. Since Edward Snowden disclosed it in June 2013, the …

Keith Alexander NSA CFR Net Politics Metadata Surveillance
Blog Post Net Politics

April 15, 2008

China
Maybe the US data is capturing something – Chinese and Korean reserve diversification

The head of the People’s Bank of China says that China is seeking to diversify its reserves. ``China is seeking to diversify its foreign exchange reserves,’’ Zhou said yesterday, without elaborating…

Blog Post by Brad W. Setser Follow the Money

March 3, 2005

Monetary Policy
One way to diversify your reserves: Buy Argentina!

Venezuela apparently is going to invest in Argentina’s restructured debt. Not quite your classic reserve asset.On the other hand, Malaysia lent Lebanon some money to bolster its reserve during Leban…

Blog Post by Brad W. Setser Follow the Money