Brad Setser says surplus economies’ dollar holdings are no longer flowing directly into U.S. Treasuries, underscoring a shift in how global imbalances are financed. He has also pointed to Asian pension fund influence and China’s move toward agency debt.
published
Brad Setser says surplus economies’ dollar holdings are no longer flowing directly into U.S. Treasuries, underscoring a shift in how global imbalances are financed. He has also pointed to Asian pension fund influence and China’s move toward agency debt.
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