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1. Here's the evolution of BdL's Net FX Reserves over time. Net Reserves are basically what the central bank owns in dollars net of banks' dollar deposits. I'll explain some intu...
THREAD (no quants) So far, we’ve looked at this crisis from a monetary and financial perspective. There are less obvious channels through which mismanaged policy has harmed economi...
After equitably allocating the losses, policymakers must eliminate the roots of our financial crisis. A substantial part of those roots is the partial dollarization of deposits....