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Results 1 - 10 of 1636 for currency crisis

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  1. Business - Money

    Chart of the day: Crisis mode in the euro zone

    Posted Jul 18th 2014, 12:06am by Nicole Elliott

    ... Nicole Elliott Chart of the day: Crisis mode in euro zone Investors seem to be thinking that the euro-zone economy is again in imminent danger of collapse, at least if the chart ... collapsed and European Central Bank president Mario Draghi was famously forced to promise to do "whatever it takes" to ensure the single-currency bloc's survival. Whatever confidence ...

    http://www.scmp.com/business/money/markets-investing/article/1555887/chart-day-crisis-mode-euro-zone
  2. Comment - Insight & Opinion

    March of renminbi as global currency has passed the point of no return

    Posted May 06th 2014, 05:15pm by CARMEN LING

    ... the 1997 Asian financial crisis. A significant proportion of the country's trade is still settled in its local currency today, and Japan's economy is still too big to be ignored by global ... Carmen Ling Carmen Ling says political will remains a key driver even if China's massive economy is slowing March of the yuan as global currency has passed the point of no return ...

    http://www.scmp.com/comment/article/1505765/march-renminbi-global-currency-has-passed-point-no-return
  3. Comment - Insight & Opinion

    China's plans to be a global currency player on the right track

    Posted Nov 12th 2013, 06:44pm by NIV HORESH

    ... Niv Horesh Niv Horesh says China's economic might and record of monetary management should allay scepticism overits efforts to turn the renminbi into a global reserve currency A global player The plan to groom London to be a launch pad for turning the renminbi into a global reserve currency remains on the drawing board. Yet, given the recent fiscal debacle in the US, ...

    http://www.scmp.com/comment/insight-opinion/article/1354384/chinas-plans-be-global-currency-player-right-track
  4. Comment - Insight & Opinion

    Stability at home should be the basis of China's diplomacy of peaceful engagement

    Posted Jul 16th 2014, 05:31pm by Hu Shuli

    ... mutual development. These two events capture in a nutshell the risks and opportunities for Chinese foreign policy. The global financial crisis of 2008 has ushered in changes in China's ... with the outside world to further the peace it needs to safeguard reform and growth. In the wake of the financial crisis, a major trend is the ever closer cooperation between the world's biggest ...

    http://www.scmp.com/comment/article/1555372/stability-home-should-be-basis-chinas-diplomacy-peaceful-engagement
  5. Business - Comment - THE WEEK EXPLAINED

    History shows intervening in currency crises is not the only solution

    Posted Mar 25th 2013, 12:00am by Stephen Vines

    ... contagion, a phenomenon that is hardly new but only began to be regularly used to describe the situation in financial markets during the Asian financial crisis. That crisis began in the summer of 1997 when the Thai government decided to devalue its currency. The ripple effects of this move were quick to engulf other East Asian states, having a seemingly indiscriminate impact on weaker ...

    http://www.scmp.com/business/article/1199068/history-shows-intervening-currency-crises-not-only-solution
  6. Business - Comment - THE VIEW

    Rules of the game

    Posted Jul 17th 2014, 10:46am by RICHARD HARRIS

    ... is legal, but as we saw in the global financial crisis, bending the rules got people into a lot of trouble. Banks lent irrationally, companies and people borrowed heavily, the US Federal Reserve ... gaming of all. During the crisis, then US treasury secretary Henry Paulson knew Congress would never bail out rich directors of profligate banks. His plan, which Congress passed, was to buy ...

    http://www.scmp.com/business/article/1555537/rules-game
  7. Comment - Insight & Opinion

    Central banks ought to rein it in

    Posted Jul 04th 2014, 12:40pm by Andrew Sheng

    ... did not believe him. Unlike Wolf, I think the BIS is right. BIS general manager Jaime Caruana, formerly governor of the Bank of Spain, carefully reviewed the causes of the financial crisis and argued that central bank policy must step out of the shadows of the past crisis. It should foster change in three areas: towards less debt-driven patterns of growth; more normal monetary policy; ...

    http://www.scmp.com/comment/article/1546421/central-banks-ought-rein-it
  8. Business - Comment - MONITOR

    The fatal flaw with internet currency

    Posted Jul 17th 2013, 12:00am by Tom Holland

    ... Tom Holland The fatal flaw with internet currency Ever since the outbreak of the financial crisis in 2008, discontents have been searching for an alternative to the current international ... they have been cautious about allowing greater international use of their currency. In any case, to hard-core critics of the existing financial architecture, the yuan suffers from just the same ...

    http://www.scmp.com/business/article/1284271/fatal-flaw-internet-currency
  9. Comment - Insight & Opinion

    Economic reforms alone won't put the renminbi in the dollar's league

    Posted May 19th 2014, 02:32am by ESWAR PRASAD

    ... Eswar Prasad Eswar Prasad says China needs credible political and legal systems to build its currency's strength Economic reforms alone won't put renminbi in the US dollar's league Scarcely a week passes without news about the ascendance of the renminbi. But China has a long way to go before its currency can rival- let alone displace- the US dollar as the dominant ...

    http://www.scmp.com/comment/insight-opinion/article/1514931/economic-reforms-alone-wont-put-renminbi-dollars-league
  10. Comment - Insight & Opinion

    On the road to currency reform

    Posted May 14th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial On the road to currency reform Ever since China's new top leaders were named in November, investors at home and abroad have been watching for pointers to financial ... attention was internationalisation of the yuan. The State Council, chaired by Premier Li Keqiang, said it would unveil an operational plan this year to make the currency fully convertible under ...

    http://www.scmp.com/comment/insight-opinion/article/1237102/road-currency-reform

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