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  1. IMF takes a softer line on yuan

    Posted Jul 26th 2012, 12:00am

    ... by an estimated 3 per cent to 23 per cent against a basket of currencies, depending on the methodology used. The latest assessment echoes statements made by a senior IMF official in Beijing in early June indicating the fund was taking a softer line. Markus Rodlauer, head of the IMF China team, explained the new position by saying that 'numbers tend to get a life of their own'. He said ...

  2. Baptism of fire for IMF chief Lagarde

    Posted Jul 01st 2011, 12:00am

    ... conflicting interests between member governments in the resolution of the euro-zone debt crisis and emerging nations' expectations of a bigger say in the IMF's affairs. Lagarde rose ... put self-interest ahead of solidarity. There is interest, therefore, in what Lagarde may have offered them, since she has not been specific about more representation on the IMF for developing ...

  3. IMF backs call for new global reserve

    Posted Aug 10th 2010, 12:00am by Kevin Rafferty

    ... close to 85 against the greenback. Unfortunately, the IMF experts see their report as only the first baby-step towards the creation of an actual workable global currency to take the place of the dollar. Closer examination also reveals that Zhou may be right for all the wrong reasons. Reliance on the dollar is one intractable issue, but the IMF report makes it plain that the rapid rise ...

  4. BRICS building plan that's short of mortar

    Posted Apr 19th 2011, 12:00am

    ... Dominique Strauss-Kahn, the managing director of the IMF, pointed out that the yuan had ticked all of the boxes for inclusion in the basket of currencies that comprise the SDR, except one: ... is not a currency. It is a unit of account between the IMF and its 187 member countries and it cannot be used for international payments, even between IMF members. China's obfuscation may have been ...

  5. Stand and deliver

    Posted Jul 17th 2007, 12:00am by Laurence Brahm

    ... economic growth machinery. In turn, China finally stood up to the IMF- an event long awaited by the developing world- but maybe a bit too late. This is probably the biggest decision affecting the world monetary system since 1974, when the IMF dropped the Breton Woods system which pegged the US dollar to the gold standard with the world's currencies trading in a limited band around ...

  6. How G20 recognised the new economic order

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... have already begun turning to the International Monetary Fund for help. The IMF needs more resources so it can stabilise local and regional economies and prevent their problems becoming ... nations hurt by the global credit crunch. Half of it goes directly to the IMF's resources- a reaffirmation of its role in maintaining global stability. This will enable it to prop up ...

  7. G20 nations in wonderland

    Posted Sep 27th 2011, 12:00am

    ... to the wonderland of sunshine, high growth and prosperity for all the world ever after. The G20, just like the key IMF committee afterwards, vows to take 'all necessary action' and commits ... five days- at the G20, the G7, the IMF and World Bank- were given to finger-pointing and claims that someone else must do something urgently. China demanded the developed countries clean up ...

  8. Hu returns home from G20 on a high note

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... Analysts differed in their interpretation of the significance of China's US$40 billion IMF commitment. Some worried it was being asked to do more than its fair share, while others said ... with its tactics of pushing reform of IMF voting rights. 'I think China's decision reflects its disapproval to the current voting shares,' Professor Zhou said. 'China appeared ...

  9. Mainland may not be haven investors hope

    Posted Sep 11th 2007, 12:00am by Tom Holland

    ... would hardly be affected by an external slowdown. But the IMF paper points out that this picture of mainland trade no longer holds true. In recent years, the mainland has invested heavily in its ... of all this investment is that as mainland exports have become more sophisticated, the close correlation between exports and imports has broken down. According to the IMF paper, that means ...

  10. Facing up to the crisis in fiat money

    Posted Apr 16th 2011, 12:00am

    ... Monetary Fund through the exchange of national currencies. As the dominant IMF shareholder, the US could reject the issuance of SDRs, thus ensuring the US dollar remains the dominant reserve currency. There is common confusion that the SDR can eventually become a reserve currency to replace the US dollar. It is a unit of account between the IMF and its member countries, but it cannot ...




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