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November 26, 2006

Monetary Policy
Does China’s (de facto) dollar peg limit China’s capacity to diversify its reserves?

The dollar hasn’t recovered from the Thanksgiving sell-off.   At least not in Asia.   The won is not as strong as it has been since Korea's own crisis back in 1997.   Those with dollar exposure – par…

June 18, 2024

United States
How the U.S. Patrols Its Borders

President Joe Biden’s attempts to grapple with a record number of migrants are keeping the role of enforcement at the center of the debate over U.S. asylum, border, and deportation policy.

Migrants walk along the U.S.-Mexico border after crossing the Rio Grande into Texas.

July 26, 2007

Economics
It is now (almost) official: q1 dollar reserve growth exceeded the US current account deficit …

The BIS reported data on central banks’ accumulation of dollars in the international banking system today (Table 5c).    Central banks added $24.5b to their dollar holdings – but also repaid $53.5b i…

October 4, 2024

Sexual Violence
Women This Week: Women This Week: Humanitarian Crisis in Sudan Disproportionately Impacts Women and Girls

Welcome to “Women Around the World: This Week,” a series that highlights noteworthy news related to women and U.S. foreign policy. This week’s post covers September 28 to October 4.

A child stands between two women at a school turned into a shelter, in Port Sudan, Sudan, August 29, 2024.

January 15, 2007

China
Managing too much: China’s reserves were up $29b in November, $28b in December, $78b in q4 and $247b for the year

China’s reserves reached $1,038.7 billion ($1.0387 trillion) at the end of November – an increase of $29 billion over October.     China then added another $27.6b in December, bringing its reserves u…

chinese_foreign_asset_growth

June 1, 2007

Monetary Policy
$45b for China in April, at least $33b for Russia in May — global reserve growth remains exceptionally strong

China’s reserves apparently increased by $45b in April, rising to $1247b.Krzysztof Rybinski of Poland’s National Bank asks what fraction of China’s April increase is real and what fraction comes from…

September 30, 2024

China
Beijing Still Has Fiscal Space

China’s central government has plenty of capacity to implement a counter-cyclical fiscal approach in addressing its economic slowdown. Net central government debt is very, very low.

Beijing Still Has Fiscal Space