Over 1/2 of assets on PBOC balance sheet are forex. Counterpart are domestic reserves, currency etc. What if forces driving fx holding are at odds with adjustments necessitated by domestic econ conditions? Great explainer in @M_C_Klein newsletter!
theovershoot.co/p/understandin… https://t.co/Scv7Ote8CT
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…