Foreign central banks aren’t going to finance much of the 2009 US fiscal deficit; their reserves aren’t growing any more (the q4 2008 COFER data) Posted on Tuesday, March 31st, 2009By bsetserThe latest COFER data doesn’t show much change in the dollar’s share of global reserves: the dollar accounted for 64% of the reserves of countries that report data to the IMF at the end of 2008, exactly the same share as at the end of 2007. The dollar’s share of the reserves of advanced economies rose just bit, going from 66.9% at the end of 2007 to 68.1% at...