Why Reserves Aren’t Money
Jeffrey P. Snider
When the Federal Reserve through its Open Market Desk engages in a transaction under QE or the current balance sheet stabilization (reinvesting maturing securities) with a primary dealer, the direct effect is to increase the dealer’s account with...
UPDATE 1-China FX reserves fall almost $100 bln to lowest since May 2012
* FX Reserves fall for third month in a row
* Central bank tightens capital controls (Adds background, economist comment)
Feb 7 China's foreign reserves fell for a third straight month in January, as the central bank...
SocGen claims China is only months away from burning through its currency reserves
By Sue Chang
Published: Feb 4, 2016 1:47 p.m. ET
Beijing may be forced to float the yuan within six months
ChinaFotoPress via Getty Images
China’s reserves may not be sufficient if its chickens come...