The Russian assets that appear in those European central bank statistics, as Pozsar has explained, don’t just sit idly in the accounts. They are on his reading the counterpart to US $ FX swaps. And those just got frozen. @heimbergecon
See Chartbook #89
adamtooze.substack.com/p/chartbook-89… twitter.com/heimbergecon/s…
RT @TAInitiative: 🤔 What happens when you mix #cryptocurrency and #taxhaven? The results are predictably not always pretty. @adam_tooze des…
February 6, 2023
RT @TAInitiative: 🤔 What happens when you mix #cryptocurrency and #taxhaven? The results are predictably not always pretty. @adam_tooze des…