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July 28, 2005

Emerging Markets
Argentina has found an easy way to keep its reserves from rising

Pay off the IMF. Argentina is one of the few countries whose reserves have been growing about as fast as China's.  It just started 2003 with about $10 b in reserves (and a ton of debt), while Ch…

April 13, 2007

China
China. On track to add $500b to its reserves in 2007, heading toward $2 trillion fast …

Please allow me a bit of latitude.  China won’t add $500b to its reserves in 2007 for the simple reason that the central bank will sell some of its reserves to the state investment company.  Moreover…

June 24, 2008

China
Why not more articles on China’s reserve growth? And just who are Chinese banks lending to?

Yves Smith asks why the stunning $75 billion increase in China’s April reserves hasn’t attracted more press attention. It is a good question. Part of the answer is that many -- journalists as wel…

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May 26, 2006

China
Do China’s fast growing dollar reserves guarantee a sound banking system?

One common argument about China that I never have fully understood is that China’s banks are OK because China has tons of dollar reserves. It is implicit in this statement by the (very good) Richar…

August 1, 2005

China
Can China add close to $300 b to its reserves a year and have no impact on the bond market?

Rarely do I disagree with the premise of an article more than with the Mark Whitehouse  Friday C1  Wall Street Journal article "China's Move Makes No Waves in Bond Market." Premise.  China moved.  It…