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  1. French bank chief calls for Asian currency appreciation

    Posted Mar 22nd 2005, 12:00am by Tom Holland

    ... Bank of France governor Christian Noyer says that Asian governments should let their currencies rise against the US dollar to reflect the region's economic success and correct imbalances in the global economy. Mr Noyer, a member of the governing council of the European Central Bank, yesterday argued that China, in particular, should allow its currency to appreciate, ...

  2. Preserve our currency autonomy

    Posted Apr 14th 2005, 12:00am by Tony Latter

    ... arguments for, or predictions of, the peg's demise? Yet it is still with us. If you believe in a fixed rate, then a currency board system, as practised in Hong Kong, is the best way to deliver it. I cannot think of any freely traded currency that has retained a fixed rate for so long by any other mechanism- apart from its antecedents, the gold and silver standards. But ought Hong ...

  3. Smart money says yuan as reserve currency is Yam's pipe dream

    Posted Jan 10th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'There is also the possibility that... the renminbi will in time emerge as the anchor currency of the region.' Joseph Yam Chi-kwong Chief executive Hong ... eventually replace the US dollar as the world's reserve currency. Happily, he was realistic enough to add the words 'this, of course, is a big 'if'.' For a more exact touch ...

  4. Hong Kong well served by currency board despite Argentina's woes

    Posted May 17th 2005, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp WHY IS IT that discussions on the subject of currency board systems in international journals mostly refer to Argentina's calamitous experience with one and then lament that they cannot last? Why do so few of them suggest that the problem with Argentina's experience of a currency board may have been Argentina and not the currency board? Perhaps ...

  5. New currency peg passes initial test

    Posted May 20th 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Speculators forced to close remaining positions as exchange rate stabilises Hong Kong's revised currency peg passed its first test yesterday, closing down bets ... the IMF's local representative. 'Taken together, these refinements should strengthen the operation of the currency board system.' Reuters reported that Hong Kong dollar trading reached ...

  6. Ignore the hawks- capital controls beat currency chaos

    Posted Aug 16th 2005, 12:00am by Tom Holland

    ... of just 2.25 per cent. Converted into US dollars, that money could earn 3.75 per cent at Citibank in New York or 4.32 per cent in US Treasury bonds. Other currencies offer even higher returns. ... returns. If anything then happened to damage confidence in the country's shaky banks, the flow could soon become a flood and Beijing could find itself with a rapidly sinking currency ...

  7. Bankers see little joy in concessions on currency

    Posted Oct 13th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan Bankers were generally disappointed with local yuan banking services unveiled in Chief Executive Donald Tsang Yam-kuen's first policy address. They had been hoping for more lucrative concessions from mainland authorities. A f ...

  8. Currency speculation

    Posted May 19th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu A revaluation of the yuan will have little impact on the mainland, according to Aya Ebrahim of HSBC Investments. The director and chief investment officer for equities, Asia-Pacific (excluding Japan), said there were many positive factors suppor ...

  9. Currency power struggle looming

    Posted Apr 24th 2005, 12:00am by Chris Oliver

    ... CHRIS OLIVER Expert says Asian nations face US political pressure Currency expert Avinash Persaud takes issue with a common assumption in Washington that Asian currencies are under-valued ... capital flows, much of it heading into the yuan in anticipation of a currency realignment. The hot money bolsters bank liquidity, and adds to an inaccurate picture of what's going on. Still ...

  10. Strength seen in Asian currencies

    Posted Oct 04th 2005, 12:00am by Staff Reporter

    ... Maria Chan Asian currencies are expected to appreciate annually over the next three to five years due to the yuan revaluation and sound fundamentals, according to Cecilia Chan Po-chi, a director and head of fixed income at HSBC Investments. She predicted regional currencies would stabilise in the short term, then experience single-digit growth on an annual basis. Taking Indonesia ...




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