tag:blogger.com,1999:blog-2761684730989137546.post9083156645729340648..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: USD/CNYmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-41329042271530991022018-10-01T07:53:38.694-04:002018-10-01T07:53:38.694-04:00If the CBs purchase foreign currencies (or gold) t...If the CBs purchase foreign currencies (or gold) they have to do so by creating new domestic reserve assets at their member depository institutions... which decreases the regulatory ratio of their domestic depository institutions...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com