Institutional Cash Pools
This post was written by Philip Lane
This new IMF paper provides an interesting perspective on the demand for short-term AAA-rated assets.
This post was written by Philip Lane
This new IMF paper provides an interesting perspective on the demand for short-term AAA-rated assets.
August 10th, 2011 at 1:24 pm
Interesting. Though I’m not sure that Treasury notes, or the USD generally, are best suited to being a safe haven. This leads to unfair advantage for the US, and the paradoxical current flight to Treasury notes. I think either a significant redesign of The Fed is needed, or else a move to an artificial, or basket, global foreign reserve currency.