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Blogs

Follow the Money

Brad Setser tracks cross-border flows, with a bit of macroeconomics thrown in.

Latest Post

Looking Back on Fiscal 2018 as Puerto Rico Starts a New Fiscal Year

There is no real doubt that the Federal government—and for that matter, Puerto Rico’s own government—didn’t respond effectively to the devastation wrought by Hurricane Maria. I certainly hope preparations now are underway for the coming hurricane season. But the initial devastation has now largely been cleaned up, and power has been restored to most of the island. Read More

July 10, 2018

China
My Latest Take on China's Foreign Exchange Intervention Proxies My Latest Take on China's Foreign Exchange Intervention Proxies

This one is for my currency trading friends...

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July 9, 2018

China
U.S.-China Trade War: How We Got Here

Background reading for the trade war with China.

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July 2, 2018

China
Devaluation Risk Makes China’s Balance of Payments Interesting (Again) Devaluation Risk Makes China’s Balance of Payments Interesting (Again)

A deep dive into the details of China's balance of payments over the last few quarters of data. During the dollar's depreciation in 2017 and the first quarter of 2018, it looks like China was adding to its official assets once again—though the growth largely came from the state banks.

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