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Brad W. Setser
Author Archive
2023
2022
Oct 6, 2023
China Isn't Shifting Away From the Dollar
China's reserves has shifted its dollar reserves from Treasuries to Agencies, and made increased use of offshore custodians.
Jan 19, 2023
The Disappearing Japanese Global Bond Buyer
The rise in Japanese holdings of foreign bonds had an enormous impact on global markets between 2011 and 2020. The markets will now have to adapt to a sustained reduction in Japanese...