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The so-called Troika, consisting of the EU-Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), was supposed to support the member states of the euro area which had been hit hard by a sovereign debt crisis. For that purpose, economic adjustment programs were...
Persistent link: https://www.econbiz.de/10012430256
)/∂(foreign reserves), for Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Pakistan, Singapore, South Korea … accumulation of an additional dollar of foreign reserves is falling for most of these countries. Most notably, China's ∂(exports … results is that the current international financial system is no longer sustainable. China, currently weaning itself off of …
Persistent link: https://www.econbiz.de/10011011032
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …
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Persistent link: https://www.econbiz.de/10009525590
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …
Persistent link: https://www.econbiz.de/10009530739