Paul Krugman Column. Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and continues as professor of Economics and International Affairs at Princeton University.
Mr. Krugman received his B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford. At MIT he became the Ford International Professor of Economics. INET - The Money View Blog. Europe is embarked on a grand experiment, managing modern financial crisis without a dealer of last resort, so refusing to follow the lead of the 2008 Fed.
The scientist in me thrills at this opportunity to gather new data from unexplored territory; the citizen in me quails at the brinksmanship, what Martin Wolf has called "just in time, just enough". The global markets don't much like European sovereign debt--even German debt! --and they don't much like banks that hold a lot of European sovereign debt. Paul Krugman. China Financial Markets. Free exchange. Freakonomics. Drum Opinion. INET - China Economics Seminar. Chinese FX reserves have reached $3.2 trillion.
The majority of the FX reserves are accumulated through financial institutions, such as commercial banks, purchases of dollars from corporations and households. As an article in September 26th edition of the South China Morning Post puts it: