In preparation for an event next week I did some quick & dirty estimates of offshore money based on BIS statistics (deposit liabilities denominated in currency of country X, booked outside country C)
First graph: 5 top currencies; USD (~$13.5 trn), followed by EUR (~$2.6)
@bhgreeley.bsky.social
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First graph: 5 top currencies; USD (~$13.5 trn), followed by EUR (~$2.6)
@bhgreeley.bsky.social
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Comments
JPY and GBP both around $0.67 trn as of end of last year, CHF close to $0.17.
Striking how all went up a lot ahead of GFC 2/3
One thing I have wanted to do for a while but never got around to is write about the geography of offshore money
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