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Brad Setser
Brad_Setser
Some great new forensic work out from @BIS ( Eren, Schrimpf and Sushko) -- delving into why dollar funding markets ceased up in March.The story apparently starts with flows out
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Excellent @S_Rabinovitch article in the Economist.h/t @andrewbatson https://www.economist.com/china/2020/05/07/a-slump-exposes-holes-in-chinas-welfare-state Good thread as well(am a bit late to this)https://twitter.com/S_Rabinovitch/status/1258564245
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Argentina is doing a virtual road show to market its bond exchange this week. And by all accounts it faces an uphill challenge -- in part, I fear, because some
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"It is of paramount importance to ensure foreign currency liquidity in times of stress, given that Japanese banks, major banks in particular, have substantially increased needs for foreign currency funding"clear
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I do not understand the lionization of Singapore.Singapore is a center for corporate tax avoidance, so it has achieved its success in part at others' expense.It also has supported its
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a) I don't think Mr. Gundlach has had a whole lot of experience dealing with the Fed's lawyers.b) The language in 13 (3) is very broad, and Mnuchin has signed
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FT: "Oversupply of hospital beds helps Germany to fight virus"Perhaps the right way to think about it is the other way: Germany had the right number of beds, others had
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Turns out America's lobster fisheries depend much more on the American market than on trade with China ..."Americans spend more than twice as much on seafood in restaurants as they
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I sort enjoy being outflanked from the left by the FT --I have bowed to (US) political reality, and only advocated for a $500b SDR allocation. The FT wants
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A common comment I receive, in public and in private, is that I don’t understand trade in services.The U.S. after all, is a big exporter of high-end services, and runs
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A couple of thoughts on @HyunSongShin latest BIS bulletin (a great series by the way).1/ Think now clear that a high level of foreign holders of EM local currency debt
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Brilliant first draft of world economic history from @adam_tooze in the London Review of Books1/xhttps://www.lrb.co.uk/the-paper/v42/n08/adam-tooze/shockwave But since it is a first draft, I do want to push back on one
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