The international monetary system needs some serious rethinking. On paper, it has to guarantee the orderly functioning of exchange-rate regimes and transnational financial flows.
Choose the right answers
1 During the gold standard:
a) banknotes contained gold
b) only gold coins were used
c) banknotes could be...
Interest rate rises alone will not solve the mainland's serious problem of excessive liquidity and more investment channels are necessary, Bank of China vice-president Zhu Min said on the...
PBOC moves to tighten money supply
China's central bank will require banks to increase their reserves, a move aimed at tightening money supply amid signs of rebounding economic growth...
China's economy has expanded at its fastest pace in more than a decade, growing by an astonishing 11.3 per cent year on year in the second quarter, raising expectations of further moves to tighten...
China's central bank yesterday hinted at the likelihood of continued tightening of credit and money supply to rein in runaway economic growth.
By itself, the increase in bank reserve requirements announced by China on Friday is too small to have a significant cooling effect on the mainland's overheating economy.
Mainland banks will be required to set aside more money as reserves from next month, the People's Bank of China announced yesterday in a widely predicted move to curb rapid growth in lending.
Lenders' minimum reserve requirements raised
Mainland money-supply growth slowed last year despite the Government's call for credit expansion, reflecting banks' caution towards lending in a slowing economy, according to official figures and...
Mainland money supply growth slowed last month to its lowest level this year as banks were reluctant to lend more in a sluggish economy.
Mainland newspapers are so weighed down by propaganda that they are read less for the news and more for indications of shifts in government policies.