Q&A #69
What is ‘Let it Flow’? How do foreign US$ transactions affect reserves or reserve use? Couldn’t Fed bank reserves create bank balance sheet space? Where can we track gold flows? And what’s the point of SDRs? Did we figure out what was going on with T-bills midyear? Is it still happening? Is the BoJ trying to manipulate market yields with its rumor? Wouldn’t Treasury market illiquidity be a big problem for carry and basis trades?
