http://wallstreetpit.com/17371-what-the-pboc-cannot-do-with-its-reserves Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://wallstreetpit.com/17371-what-the-pboc-cannot-do-with-its-reserves#comment-111934 Mike Mon, 22 Feb 2010 19:35:21 +0000 http://wallstreetpit.com/?p=17371#comment-111934 Thanks for the article. You say that PBoC must borrow and/or create money to fund the purchase of dollars. Then you go on to focus on the borrowed case... "Reserves are effectively borrowed money". Do you know how much money was borrowed and how much was created to purchase dollars? Could it be that most of it was created rather than borrowed? Thanks for the article. You say that PBoC must borrow and/or create money to fund the purchase of dollars. Then you go on to focus on the borrowed case… “Reserves are effectively borrowed money”. Do you know how much money was borrowed and how much was created to purchase dollars? Could it be that most of it was created rather than borrowed?

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