ADAM TOOZE

Interestingly EMs involved in ever-expanding South-South trade invoice overwhelmingly in US$. Different story when… https://t.co/OkSiCXE9KW

EME FX intervention no longer relies only on spot market purchases. As they become more financially integrated and… https://t.co/B2cnrouwrZ

"A stronger $ pushes up value of trade credit in EM local currency terms, often in parallel with a general tighteni… https://t.co/p4oI7QCAgj

Countries with large forex reserves tend not to suffer large exchange rate shocks. @BIS_org One can see a lot of d… https://t.co/vFnT3W49Oy

How capital inflows (to inflation-targeting mainly EM economies) coincided 2003-2013 with exchange rate appreciatio… https://t.co/GUIXJ6HnH5

Inflation-targeting AE and EM have reinforced their policy regimes by also accumulating large huge forex reserves… https://t.co/NA5GlQrh1F

Dropping the currency pegs: Intead of exchange rate anchors, Inflation targeting has become ever more dominant as t… https://t.co/ecLyU5Er1n

Can you artificially devalue a currency with forex purchases? Economic theory undecided. Empirics say you can! On o… https://t.co/28Yz0g9Ndu

"in order to support the economy, banks need to be profitable” Profits=main source of capital increases, help raise… https://t.co/EnHfpaCocQ

Unhedged currency mismatch in EM balance sheets -> @BIS_org worries that there will be procylical effects from exch… https://t.co/FA4whHfBrL

@rvanreekum @dewaremerijn actually you are right. this is just a direct cut and paste from @JeremyCliffe essay. But… https://t.co/wWDLgzlK9l

Fire sale risk: Average percentage of investment grade corporate bond mutual fund portfolios invested in bonds with… https://t.co/4osaTxToWB

Once you allow for inflation and productivity growth there is very little movement in unit labour costs in G7 econo… https://t.co/VLHeqdtFr9

Because of the dynamic of economic growth the age structure of electricity generating capacity, especially in coal,… https://t.co/fy7CLV2roZ

This is interesting on Chinese military reforms that go beyond surging spending and fancy new technology. Chinese n… https://t.co/u9QgeLhg9J

“What will survive of us is love” (Larkin). Wrong says Macfarlane in Underland. “What will survive of us is plastic… https://t.co/kLfLNVfhXe

Modern History: Tobias Straumann's 1931: Debt, Crisis, and the Rise of Hitler … some further thoughts. -… https://t.co/ynmkmq39Hk

Wonderful long essay about the South Asian Monsoon – the winds that made Asia and on which 1.76bn people rely.… https://t.co/YH4HvXqhV3

In 1919 Times became 1st paper run a ‘regular daily feature’ on property market: ‘… this awakening of general inter… https://t.co/6yKWXh7lIY

C. 20% of the world’s supply of cobalt, the vital battery metal, is produced by an army of 150,000 Congolese inform… https://t.co/ihLWqoc4yu

The public auction as a means of selling property, land, art etc really took off in London in 1790s with foundation… https://t.co/9rN7wbE10x

Strong market reaction to the bitcoin value after the shutdown of Silk Road, a major digital market for illicit dru… https://t.co/IGGaeyCy31

As scientific teams grow, our model of credit assignment (1st author, last, or everyone else) becomes increasingly… https://t.co/QsCsfdChqJ

Remarkably the latest @BIS_org annual report makes a strong case for EM which suffer inflation pass through and are… https://t.co/FDKnfxXiFC

After immigration Europe’s liberals are entering a new culture war over climate change. They should avoid the mista… https://t.co/sU1IhUjQNC

Read the new @BIS_org annual report on how capital flows, exchange rate swings and domestic financial cycles reinfo… https://t.co/JaLDIjeQF5

This was a 1TB hard drive in 1937. It was the largest vertical letter file in the world. 4000 SqFt. with over 3000… https://t.co/02Aky3Jrmt

@MarcBruetsch @FT SEHR sogar.

„Die neuen, realistischen Prognosen gehen von 62 bis 238 Zentimetern aus – also bis zu mehr als zwei Metern. Vor se… https://t.co/SwkBhTwcS1

The Gulf of Guinea off Nigeria has displaced the Horn of Africa as the most dangerous waters for piracy. But intern… https://t.co/4RdNI5OFCQ

Deeply researched piece on Blackstone, the $512bn private equity group that controls companies employing 400,000 pe… https://t.co/42JwrbOgcp

Will 47% of US jobs be automated in the near future? That certainly isnt what the famous 2013 paper by @carlbfrey a… https://t.co/zKz0EjJXkb

The Great Depression of the 1930s truly became the world shaking event that we remember, not in 1929 but in 1931. I… https://t.co/oO9otSDaUK

"The worst thing about that tunnel was not that the people around me believed that so many Poles were gassed there.… https://t.co/TbGncRxBfr

The painter who coined the phrase “trompe l’oil” was Louis-Léopold Boilly and he was a master of the genre. His pho… https://t.co/MojCj7Ejs8