{"id":4192,"date":"2019-10-07T09:43:40","date_gmt":"2019-10-07T01:43:40","guid":{"rendered":"http:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4192"},"modified":"2019-10-07T09:43:59","modified_gmt":"2019-10-07T01:43:59","slug":"setser-shadow-fx-intervention-in-taiwan-solving-a-100-billion-dollar-enigma-part-2","status":"publish","type":"post","link":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4192","title":{"rendered":"Setser: Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)"},"content":{"rendered":"<p>Blog Post\u00a0by\u00a0<a href=\"https:\/\/www.cfr.org\/expert\/brad-w-setser\">Brad W. Setser<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cfr.org\/bio\/guest-blogger-brad-setser\">Guest Blogger for Brad Setser<\/a><\/p>\n<p>October 4, 2019<\/p>\n<p><a href=\"https:\/\/www.cfr.org\/blog\/shadow-fx-intervention-taiwan-solving-100-billion-dollar-enigma-part-2?from=timeline&amp;isappinstalled=0\">https:\/\/www.cfr.org\/blog\/shadow-fx-intervention-taiwan-solving-100-billion-dollar-enigma-part-2?from=timeline&amp;isappinstalled=0<\/a><\/p>\n<p>Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan\u2019s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question of who supplies Taiwan\u2019s lifers with FX hedges.<\/p>\n<p><em>This is the second\u00a0post in a series*\u00a0on Taiwan&#8217;s life insurers and their private &amp; sovereign FX hedging counterparties. It\u2019s the product of a collaboration with S.T.W**, a market participant and friend of the blog. Printable versions of entries in this series will be available in pdf format on his site (<a title=\"Concentrated Ambiguity\" href=\"https:\/\/concentratedambiguity.wordpress.com\/2019\/10\/04\/shadow-fx-intervention-in-taiwan-current-account-surpluses-the-rise-of-life-insurers\/\" target=\"_blank\">Concentrated Ambiguity<\/a>).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blog Post\u00a0by\u00a0Brad W. Setser\u00a0and\u00a0Guest Blogger for Brad Setser October 4, 2019 https:\/\/www.cfr.org\/blog\/shadow-fx-intervention-taiwan-solving-100-billion-dollar-enigma-part-2?from=timeline&amp;isappinstalled=0 Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan\u2019s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question of who supplies Taiwan\u2019s lifers with FX hedges. This is the second\u00a0post in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7],"tags":[],"class_list":["post-4192","post","type-post","status-publish","format-standard","hentry","category-taiwan-policy","category-international-economics"],"_links":{"self":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4192"}],"version-history":[{"count":3,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4192\/revisions"}],"predecessor-version":[{"id":4195,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4192\/revisions\/4195"}],"wp:attachment":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}