Dollar Dominance in Central Bank Reserves
Original Report
Talking about the dollar, Trump, and stupidity as an exogenous variable, next couple of days… Figure 1: Share of total foreign exchange reserves for US dollar (blue), euro (brown), British pound...
Talking about the dollar, Trump, and stupidity as an exogenous variable, next couple of days… Figure 1: Share of total foreign exchange reserves for US dollar (blue), euro (brown), British pound (red), Japanese yen (green), Chinese yuan (pink), all in %. Orange shading denotes Trump Administrations. Source: IMF COFER and author’s calculations.
Glass House Analysis
This development in the banking sector reflects broader tensions between regulatory pressure and financial industry practices. The banking system serves as the circulatory system of the economy; any disruption ripples through to small businesses, homebuyers, and everyday consumers who depend on credit access.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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