Lev Menand
speaker
1,295 appearances
6 recordings
1 series
first heard Jan 2025
last heard 17 Jul
Lev Menand’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
We did do something like that for Mexico in nineteen ninety-five.
twenty billion dollar loan, that came from the Treasury Department.
That's like what the PBOC is doing.
And
They might have some sort of regulatory reasons.
One one thing that happens if you do it through your central bank is you don't you don't report it as sovereign lending to like the World Bank.
So it's it's much harder for international observers to keep track of how much Pakistan and Mongolia and these various recipients of PBOC swap line lending, how much they are actually incurring.
It's less reported.
reported than maybe if the Chinese did it in a in a more official channel, but it's nothing like what the Fed swap lines are.
There's over thirty billion dollars right now of PBOC swap line outstanding.
There's like basically zero of the Fed swap lines.
It's a you know, the PBOC is like an ongoing lending program.
It's a
Stable coins definitely have the potential to be the new euro dollar.
Tether in particular has a lot of euro dollar flavor to it.
But there are really important differences.
One is that Tether is not being used to finance or settle international trade.
the Indian companies are not selling to South American buyers or vice versa.
Using Tether.
That's a euro dollar system is tied to the real economy and real economic activity.
Showing 1141–1160 of 1,295 · page 58 of 65
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