The size of the PBOC's balance sheet is shrinking ... rapidly. Far from being a conscious...
The size of the PBOC's balance sheet is shrinking ... rapidly. Far from being a conscious decision to tighten monetary policy, the shrinkage has more to with capital flows. To fix the price of the yuan, the PBOC is forced to print as money flows into the country, but must sell securities as capital reverses. The policy means the PBOC has a very large stimulus bullet in its chamber - letting the yuan go.
From other sites
at CNBC.com (Dec 3, 2012)
at CNBC.com (Aug 21, 2012)
at MarketWatch.com (Sep 29, 2010)
at MarketWatch.com (Jun 21, 2010)
at MarketWatch.com (Jun 18, 2010)
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