Shadow FX intervention in Taiwan: Counterparties I

This is the fourth chapter in a series on Taiwan’s life insurers and their private & sovereign FX hedging counterparties. It’s the product of a collaboration with Brad Setser of the Council on Foreign Relations.

Given life insurers’ USD 250bn FX hedging needs, chapter IV. examines potential counterparties to these positions by private sector actors. Overseas investors, Taiwanese banks and Taiwanese non-financial corporates are all long USD in FX forward markets – but nowhere near matching lifers’ requirements.

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Shadow FX intervention in Taiwan: Counterparties I

2 thoughts on “Shadow FX intervention in Taiwan: Counterparties I

  1. Grant says:

    Hi C/A.
    I’m part of Exante , but wanted to write directly as I think this is an exceptional forensic study. I don’t think I’ve seen anything quite like it in the public domain. Kudos , Grant

    Like

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