Massive Capital Losses on Forex Reserves: Is a $300 Billion Loss Spare Change?...Finally, the Message is Being Heard...
Nouriel Roubini
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Apr 7, 2005
For months and months now (at least since last August in our unsutainable US current account paper), Brad Setser and I have been warning about the potential and actual capital losses for foreign central banks from their rapid accumulation of dollar foreign exchange reserves (see here and here and here and here and here and here and here and here) . Register for RGE EconoMonitorsAccess to some RGE EconoMonitors, including Nouriel Roubini's Global EconoMonitor, is reserved for registered users, so sign up now to read and comment on current postings. These writings are only a small part of the insights and commentary available through RGE Monitor. Contact us today at info@rgemonitor.com or 212.645.0010 to learn more about becoming a full subscriber. |
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