QE Rules as Central Banks Pump Up Balance Sheets

The video discusses the current state and future trends of major central banks' balance sheets, focusing on the Fed, PBOC, and ECB. It highlights the divergent monetary policies and their impact on global economies, emphasizing the importance of the Fed due to the dollar's reserve status. The discussion includes insights into China's central bank transparency and predictions for 2015, where the BOJ and ECB continue loose policies while the Bank of England and Fed diverge.

Discuss the significance of the People's Bank of China's balance sheet in comparison to other central banks.

What does the text suggest about the divergent monetary policies of Brazil, China, and the US?