Tag Archives: NIIP

Bank of England — Bank UndergroundA prince not a pauper: the truth behind the UK’s current account deficit Rachana Shanbhogue, Macroprudential Strategy and Support Division, and Stephen Burgess, Macrofinancial Risks Division

Global appetite for US Treasuries as "safe assets." This is a primary function of a reserve currency as a saving vehicle that is regarded as a safe haven.EconomonitorCurrent Account Deficits and Safe Assets Joseph P. Joyce