Brad Setser points out that India doesn't peg to the dollar as much as China; India's forex reserves are falling, (this is me: while China's forex reserves are probably rising).
So we need to understand that the only really significant support for the US dollar's status as a central bank reserve currency comes from China, among state actors.
I think there is some risk that the US dollar can in the medium term lose its status as a central bank forex reserve currency.
A District-Level Dataset of Building Volume and Nighttime Lights
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by Ayush Patnaik and Kapilan Mahalingam.
How fast is Pune growing, compared with Nagpur? Is Coimbatore catching up
with Chennai? In India, these simple q...
1 week ago
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