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Brad Setser
Brad_Setser
A bit more on global debt issues, spurred by the @petersgoodman article.As noted in the NYT, debt service deferral cannot be the only way to help low income countries, as
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The New York Times (@petersgoodman) highlights how the global financial response to the pandemic, to date, has fallen short of providing the financial support low income countries need to cope
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The mechanics of the CBRT's balance sheet are complicated, given the CBRT and the banks mutual dependence on swaps (CBRT gets the fx it needs, banks the TL funding they
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The interesting bit about digging into the details of the trade data, at least to me, is the stories that emerge. Especially the stories that you wouldn't expect.
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My "shadow intervention" alarm bells are starting to go off --Something is happening in China. The July trade surplus (goods) was $60b. Per my @ExanteData friends (in market
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Striking (at least to me) how little impact COVID-19 has had on China's trade ...(same could be said for the impact of Trump's trade war on China's overall trade)1/n There
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I am one of the few who eagerly await's the IMF's External Sector Report (in part because I have made a number of suggestions for how the IMF could improve
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Here is a prediction --Despite all the talk about the demise of the dollar as a reserve currency (including by GS of all places ... ), when the IMF's data
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A little bit on the geography of the profits U.S. firms earn abroad ...Say in the euro area.Notice a pattern?There is no real correlation between the size of the profits
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There is both good and bad news in today's trade data for Trump's trade deal with China ...The good news first --1) Ag exports to China are still on a
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We now have reasonable complete balance of payments data for q1 -- and it is clear that foreign selling of local currency debt was a large source of BoP pressure.
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