Global reset – Monetary decoupling (Part 2: Economics of large central bank balance sheets) Phuah Eng Chye (3 July 2021) Massive sterilisation and QE programs have enlarged central bank balance sheets to disproportionate sizes. Stephen Cecchetti and Paul Tucker notes “in 2007, the central banks in the US, euro area, UK, and Japan had total … “Global reset – Monetary decoupling (Part 2: Economics of large central bank balance sheets)”
Tag: global reset
Global reset – Monetary decoupling (Part 1: Sterilisation and QE)
Global reset – Monetary decoupling (Part 1: Sterilisation and QE) Phuah Eng Chye (19 June 2021) One important aspect of the global reset is the decoupling of monetary relationships. Narratives such as currency manipulation[1] or China’s dumping of US treasuries are simple and popular but they offer misleading perspectives on the inter-dependent relationship between US … “Global reset – Monetary decoupling (Part 1: Sterilisation and QE)”
Global reset – Two whales in a pond
Global reset – Two whales in a pond Phuah Eng Chye (5 June 2021) Global reset refers to the monumental changes triggered by a reset in the relationships between the world’s two most powerful nations. The analogy of “two whales in a pond” captures several critical dynamics. It describes how the global landscape will change … “Global reset – Two whales in a pond”