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analysed and the study will find that, post-revaluation, the dollar depreciates, the Yen moves in line with the Renminbi and … nations have been largely disappointed by the relatively small revaluation of 2%, it will be argued that moving away from the … the Renminbi and the effects of the change in policy. To enable the reader to understand the degree of misalignment of the …
Persistent link: https://www.econbiz.de/10005057180
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in … the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U … initiatives put forward over the past year by China and others to begin a serious discussion of reforming the international …
Persistent link: https://www.econbiz.de/10008497750
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in … the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U … initiatives put forward over the past year by China and others to begin a serious discussion of reforming the international …
Persistent link: https://www.econbiz.de/10008567957
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10008457319
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10011277005
The regulatory framework established during the Great Depression was dismantled in stages after 1969. The deregulation of deposits at banks and savings institutions created incentives to widen the scope of investments that banks and thrifts could make. Novel instruments were created that should...
Persistent link: https://www.econbiz.de/10008751495
This study highlights the importance of choice of exchange rate system to macroeconomic stability of small- open countries based on the outcomes of the recent exchange rate regime switches of three small Asian countries during the post Asian financial crisis period. The three selected countries...
Persistent link: https://www.econbiz.de/10005090611
We use rolling cointegration tests to investigate the relationship between the Renminbi daily future spot return and … the forward discount rate for the period after the currency regime reform in China in July 2005. We find that there are … the forward discount rate in China. The unbiasedness hypothesis that the forward rate is an unbiased predictor of the …
Persistent link: https://www.econbiz.de/10010594690
There is a line of reasoning which argues that the main source of the current financial crisis is the cheap money of the past, which would have caused large global imbalances and another, that I share, is that something wrong has been occurring with overall financial intermediation. The...
Persistent link: https://www.econbiz.de/10010965566
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10009391856