高盛·中国经济展望:逆风前进+GS+China+Economic+Outlook:Leaning+Against+the+Wind.docx,Global Investment Research GS China Economic Outlook Leaning Against the Wind (逆风前行) November 2024 Hui Shan Chief China Economist Goldman Sachs (Asia) L.L.C. +852-2
Leaning-Against-the-Wind Intervention and the 鈥淐arry-Trade鈥View of the Cost of Reserves For a sample of emerging economies, we estimate the quasi-fiscal costs of sterilized foreign exchange interventions as the P&L of an inverse carry trade. W... E Levyyeyati,GS Tavlas - 《Open Economie...
We document that under LAW, central banks outperform a constant size carry trade, as they additionally benefit from buying against cyclical deviations, and that the cost of reserves under the carry-trade view is generally lower than the one obtained from the credit-risk view (which equals the ...
高盛·中国经济展望:逆风前进+GS+China+Economic+Outlook:Leaning+Against+the+Wind.pdf,GS China Economic Outlook Leaning Against the Wind (逆风前行) November 2024 Hui Shan Chief China Economist Goldman Sachs (Asia) L.L.C. +852-2978-6634 Hui.Shan@ Lisheng W
高盛·中国经济展望:逆风前进+GS+China+Economic+Outlook:Leaning+Against+the+Wind.pdf,GS China Economic Outlook Leaning Against the Wind (逆风前行) November 2024 Hui Shan Chief China Economist Goldman Sachs (Asia) L.L.C. +852-2978-6634 Hui.Shan@ Lisheng W
Official Japanese intervention in foreign exchange markets : Leaning against the wind? Several recent studies have suggested that official Japanese intervention in foreign exchange markets is limited to simple 'leaning against the wind'. This...