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 @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,…