Currencies, Capital, and Central Bank Balances (PDF)

John H. Cochrane is a senior fellow at the Hoover Institution. Before joining Hoover, he was a professor of finance at the University of Chicago's Booth School of Business. He is also a research associate of the National Bureau of Economic Research. John H. Cochrane is a senior fellow at the Hoover Institution. Before joining Hoover, he was a professor of finance at the University of Chicago's Booth School of Business. He is also a research associate of the National Bureau of Economic Research. Kyle Palermo is marketing communications manager at the Hoover Institution. He reports on conferences, research projects, and other academic and institutional activities. Kyle Palermo is marketing communications manager at the Hoover Institution. He reports on conferences, research projects, and other academic and institutional activities. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford's Introductory Economics Center. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford's Introductory Economics Center.

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