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

ive versus Passive Foreign Reserve Diversification, October 21.2009 A Recovery in Global Trade could Push Oil to US$87, October I5, 2009. Return of the Global Savings Glut, Stephen Jen. August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14, 2009. GBP/USD and USDJPY to Rise with Equities,

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

ive versus Passive Foreign Reserve Diversification, October 21.2009 A Recovery in Global Trade could Push Oil to US$87, October I5, 2009. Return of the Global Savings Glut, Stephen Jen. August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14, 2009. GBP/USD and USDJPY to Rise with Equities,

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

ve versus Passive Foreign Reserve Diversification. October 21, 2009 A Recovery in Global Trade could Push Oil to USS87. October IS, 2009. Return of the Global Savings Glut, Stephen Jcn, August 27, 2009. Falling into the Gutter of the Dollar Smile, Stephen Jen, August 14. 2009. GBP/USD and USDJPY to Rise with Equities,