Epstein Secrets

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR. April 13, 2010 Will Greece be the Next Argentina? April 9. 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,