Julia Yang's spirits rose when the Communist Party said this month it would accelerate the deregulation of the mainland's capital account to facilitate cross-border investment.Saturday, 30 November, 2013, 2:03am 1 comment
Emerging markets from Brazil to India took steps this week to stem an outflow of capital as concern mounted that developed nations are approaching an end to an era of pumping unprecedented liquidity into their economies.14 Jun 2013 - 3:49am
Dr Mahathir Mohamad is having the last laugh. Rather than going cap in hand to the International Monetary Fund, the former prime minister of Malaysia was called an idiot, an ignoramus and a pariah for introducing capital controls during the Asian financial crisis. Now look what's happening in Europe, especially with the latest rescue of Cyprus' banking system.27 Mar 2013 - 3:09am 7 comments
China has unveiled its first aircraft carrier, and is gearing up to challenge the United States in the South China Sea. By initiating a plan to internationalise its currency, China is similarly seeking to challenge the dollar on the international stage.
In carving out a global role for the renminbi, Chinese policymakers are proceeding deliberately. So, will China's plan succeed?17 Oct 2012 - 3:13am 2 comments
Japanese Finance Minister Kiichi Miyazawa is today expected to unveil an initiative to help struggling East Asian governments raise cheaper sovereign debt.
It is understood the Japanese Government will offer to guarantee Asian sovereign bond issues, particularly to countries prepared to issue yen debt in Tokyo.15 May 1999 - 12:00am
ONLY six months or so ago the conventional wisdom was that the economic crisis which had started in Thailand in the summer of 1997 could be contained to Asia. Now, concern is widespread the whole world is on the edge of a downturn. One result of this is that policy changes are being aired which would have been taboo when open, globalised markets were the only game in town.25 Oct 1998 - 12:00am
The Asian economic crisis is the kind of once-in-a-decade event that raises fundamental questions about our system of international capitalism, the kind of debate to stir the cockles at clever London think-tanks and make celebrities of radical US academics who saw the drama coming.11 Apr 1998 - 12:00am
Histrionics about George Soros aside, Malaysian Prime Minister Mahathir Mohamad might have a point in his complaints about the way external foreign exchange markets forced the devaluation of the ringgit.23 Sep 1997 - 12:00am