What Currencies Are Foreign Exchange Reserves Held In?

WhatCurrencies Are ForeignExchange Reserves HeldIn? http://feedly.com/k/17tgIyY Following up on the dollar’sstatus as aninternationalcurrency (andhowthreatsofdefault are nothelpful), here is what we know about the dollar’s role as a reserve currency. Figure 1: Share of foreign exchange reserves held in USD (blue), EUR (black) and USD plus 60% of unallocated (red), and IMF estimated share in USD (green +). Source: IMFCOFER for 1999Q1-2013Q2 and IMF (estimates, 1965-2003). … Seguir leyendo What Currencies Are Foreign Exchange Reserves Held In?

Inmigración: “Trabajos para británicos no para inmigrantes”

Inmigración: “Trabajos para británicos no para inmigrantes” http://feedly.com/k/17vkrtM El primer ministro británico David Cameron manifestó que el Reino Unido debe ‘decir no’ a los trabajadores inmigrantes del este de Europa y permitir que los jóvenes británicos compitan mejor por el trabajo con los inmigrantes, informa TheDailyTelegraph En un discurso a trabajadores de industrias automovilísticas en Cowley (cerca de Oxford), Cameron manifestó que en algunas factorías … Seguir leyendo Inmigración: “Trabajos para británicos no para inmigrantes”

Abenomics One Year Later

AbenomicsOneYearLater http://feedly.com/k/1cnN8N1 One year later and due mainly to the fact the Japanesestockmarket has risenanastounding 70% year-over-year, talking-heads, politicians, and central bankers proclaim Abe’s trip into the monetary policy black hole as a success (itwouldseemonthat basis thattheheadofVenezuela’s "central bank" deserves a Nobel prize). Abe has managed to devaluehisnation’scurrencyby 25.5% against the USD in that time and the price of Japanese government bonds (despite some early … Seguir leyendo Abenomics One Year Later