The ACID Capitalist Podcast  cover image

American Piggybank with Brad Setser

The ACID Capitalist Podcast

00:00

Exorbitant and the Motivation to Hide

I've been pretty clear about that over time. The criticism of me is I'm a little too willing to go after currency manipulation and see more of it than exist. There's just a bunch of things that countries do. And for that, a subset of countries with large current account surpluses, my strong suspicion is that the state's aggregate holdings of foreign exchange tends to significantly exceed their disclosed reserves.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app