How far must US dollar fall?

A new paper, entitled "How much depreciation of the US dollar for sustainability of the current accounts?" by Eiji Ogawa and Takeshi Kudo of Hitotsubashi University Research Unit considers various scenarios for the future path of the dollar.

The paper's abstact: In this paper, we conduct a simulation analysis to investigate how much depreciation of the US dollar is needed to reduce the current account deficits in the near future. We use some VAR models to estimate relationships between the

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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