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Results 1 - 10 of 19 for currency

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  1. America's hidden agenda?

    Posted Sep 13th 2003, 12:00am by Laurence Brahm

    ... visit to Beijing on September 2, China's official media warned that currency adjustment was not on the cards this year. Given the delicateness of American relations, Premier Wen Jiabao, Vice-Premier Huang Ju and central bank chief Zhou Xiaochuan all met Mr Snow, explaining politely over tea that China would not budge on its position. China's currency is partially floated ...

  2. A new bear market

    Posted Feb 10th 2009, 12:00am by Laurence Brahm

    ... policymakers believe the yuan may be on the threshold of becoming the global currency of international settlement. And it is little wonder that they think this way. Last September, China increased its ... and Myanmar, under which the yuan will become an international trade-settlement currency. Next, the central government aims to turn Shanghai into the main yuan settlement centre, with Hong Kong ...

  3. Fellow Bric road

    Posted Jun 30th 2009, 12:00am by Laurence Brahm

    ... into an alliance to address specific issues or crises. In this case, it was the search for pragmatic alternatives to the US dollar as the only global reserve currency. It began when China's central ... Medvedev's chief economic aide, Arkady Dvorkovich. And, in the run-up to the summit, Mr Medvedev said: 'The existing set of reserve currencies, including the US dollar, have failed to perform ...

  4. Turning the tables

    Posted Jul 14th 2009, 12:00am by Laurence Brahm

    ... Brazil, Russia, India and China (known by the acronym Bric) met in Yekaterinburg, Russia, to discuss alternatives to the US dollar as the world reserve currency, a greater vision was looming- ... to gain leverage. The IMF has continuously insisted that China adjust its currency upwards. In a recent report, it openly accused China of undervaluing its currency and called for the yuan ...

  5. Consensus change

    Posted May 05th 2009, 12:00am by Laurence Brahm

    ... Laurence Brahm When China's central banker, Zhou Xiaochuan, proposed to create a reserve currency 'that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies', he was making an all-too-obvious reference to displacing the US dollar. The idea ...

  6. Asia's answer to IMF

    Posted May 19th 2009, 12:00am by Laurence Brahm

    ... emerged during the 1997 Asian financial crisis, when IMF policies only exacerbated economic and political problems in many nations. A joint currency stabilisation fund for the region was again ... to stabilise currencies, contrary to the standard IMF practice of devaluations. Moreover, support to keep currencies stable will be provided without conditions often viewed as political. The intention ...

  7. Staying the course on the yuan

    Posted Jun 07th 2005, 12:00am by Laurence Brahm

    ... businesses and economies during the 1997 currency speculation onslaught. To date, about US$100 billion has poured into China, mostly through American and European investment banks speculating ... right? Based on this logic, economists might think it irrelevant to assume that US pressure on China to revalue its currency is politically motivated. But people should not jump to hasty ...

  8. Shaky financial defences

    Posted Jan 24th 2006, 12:00am by Laurence Brahm

    ... on currency flows were a solid defence against the quick movements of foreign funds that hit Southeast Asia in 1997. Those defences have fallen, though, because of excessive reliance on foreign direct ... their financial and currency trading systems- as Indonesia did, probably to its regret- or listening to Washington's insistent advice to let its currency appreciate. Following the Asian financial ...

  9. A question of the right balance

    Posted Oct 13th 2003, 12:00am by Laurence Brahm

    ... for an 'investigation' into China's currency regime. Given the looming presidential election and America's broadly uninformed public, China's policymakers are bracing for more to come. Last month, ... it is quite likely if China floated its currency that the value of the renminbi would depreciate, not appreciate.' He said an adjustment 'would move the currency in a direction that I think ...

  10. China's right to a stable economy

    Posted May 24th 2005, 12:00am by Laurence Brahm

    ... and policy. First, Beijing's objective is to have a free floating, fully convertible currency- something which can be realised under the current administration. However, financial reforms remain ... purposes. Second, to achieve full currency convertibility, China must open its capital accounts. But at least 43 different kinds of currency services are normally required to achieve open capital ...




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