Posts tagged 'Dollar Shortage'

China’s FX exodus: the suitcase edition

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

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| Jan 02 14:23 | Comment |

We’ve written a lot about capital outflows from China, what Beijing is doing to try to stem the flows, and how all this impacts the renminbi. Most of the time, the talk is about billions of dollars whizzing around the financial markets, one way or other. Yet, it seems that China’s capital outflow is accelerating even in its simplest form — yes, we mean bundles of cash hidden in suitcases.

It’s seriously old school, and seems almost quaint, but the sums are sizeable. Read more

Iranian rial-ity, or when Gresham’s law goes awry

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 08 2012 10:26 | Comment |

Almost everywhere, the fall of the Iranian rial is being interpreted as a huge problem for the incumbent Iranian regime — one that could bitterly undermine economic stability in the country.

Ehad Mostaque of Religare Capital Markets, however, posits a different view. Read more

Dollar scarcity is on the rise

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jun 18 2012 11:01 | Comment |

From Bloomberg on Monday (citing Morgan Stanley research):

Morgan Stanley says the potential scarcity of dollars among foreign private borrowers represents the U.S.’s net position with lenders abroad of minus $2.4 trillion, adding $4.8 trillion of U.S. financial assets held by central banks, and subtracting $500 billion of foreign official assets held by the U.S. Read more

The $560m question

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Oct 13 2010 11:05 | Comment |

From ‘who is it?’ to ‘who are they?’ and ‘how much?‘

After a period of sending a piffling $60m a week to one European bank at its regular dollar tenders, the European Central Bank has now provided $560m to two institutions: Read more

The dollar shortage in one easy graph

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Jun 08 2010 09:54 | Comment |

BIS academic Stephen Cecchetti has been much exercised by the currency costs of international financial integration lately — quantifying the yen carry trade.

And now he’s taken another look at dollar shortages. Read more