Benn Steil


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BRIC’s Dollar Assets

May 29, 2009


Brazil, Russia, India, and China have increased their holdings of foreign exchange reserves significantly over the last decade. But China stands out when it comes to financing the United States. China’s holdings of U.S. financial assets have increased dramatically since 2000. Brazil and Russia have also significantly increased their holdings of U.S. financial assets, but their aggregate increase is still small relative to that of China’s.

CGS: Foreign Exchange Reserves in the BRICs
Setser, Pandey: China’s $1.5 Trillion Bet
Economist: Not Quite So SAFE

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