Q&A #177
Hi Jeff. It would be interesting to explore the relationship between China/Hong Kong and the eurodollar global plumbing, especially using your T account figures. Hi Jeff!When we talk about lend/borrow cash in repo between banks,are we talking about reserves or actual cash? I´m a bit confused since you say that the number of reserves in the system doesn't matter. With all the bankruptcies and fund closures related to the shadow banks. what happens to the ledger and is it different from regular banks. Would government interference hurt Treasuries during an election year? (midterms) Public pension plans have large exposure to private equity and private credit. did you read the FED Notes The Cross-Border Trail of the Treasury Basis Trade paper - basically TIC data not showing a large increase in Treasuries held by Cayman hedge funds? Shadow banks and SRTs: can shadow banking accord a certain opacity to terms and conditions for such SRTs, analogous to how loans with shadow banks can have certain covenants (e.g., payment-in-kind)? Arguably all money starts out as a fraud, faking it until it makes it.
