Rebalancing The Global Recovery," was significant for many reasons, signifying another change in Bernanke's stance on global imbalances. In a famous 2005 speech, Bernanke blamed imbalances on a "global saving glut. For Bernanke, trade and the current account were ...

Since the abandonment of the gold standard at the outbreak of WWI and the Bretton Woods Conference following WWII, some countries have been desperately seeking ways to promote global economic stability and hence their own prosperity. However, another option is ...

When we scan the news papers, almost daily we see that the value of the dollar is changing with respect to other currencies and wonder what is going on! If any given currency has a flexible exchange rate regime with ...

Bank of England governor Mervyn King took a big step towards extra money printing by warning that there was too little cash in the economy.. The governor said in a speech during a three-day tour by the Monetary Policy Committee ...

H.L. Mencken famously wrote that there is a solution to every human problem that is neat, plausible, and wrong. I propose that Uncle Sam condemn defaulted homes (including condos) in high-foreclosure areas as potential hazards, or to save the ...

On September 15, the House Ways and Means Committee held hearings about Chinese currency manipulations. If China were to really stop manipulating its currency, it would have to balance trade, which would result in more American exports to China as ...

The House Ways and Means Committee held hearings on September 15 on China's Exchange Rate Policy. Just four amendments need to be made in these bills in order to make them more effective, in line with our scaled tariff ...

On the 19th of June this year the Peoples' Bank of China created great excitement in the markets by announcing it would "proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility. " It ...

China made headlines on June 19 when it announced that it would release the yuan from its dollar peg and allow the currency to float against a basket of currencies instead. On Tuesday, Senator Charles Schumer, an outspoken critic of ...

A wonderful chart courtesy of the Council on Foreign Relations depicting what I described several weeks ago: Since announcing its renewed commitment to currency flexibility in the days leading up to the G20 summit, the appreciation of the yuan has ...

China's continued foreign reserve accumulation, the limited appreciation of China's real effective exchange rate relative to rapid productivity growth in the traded goods sector, and the persistence of current account surpluses even during a period when China's ...

Futures markets are abuzz with excitement over the Chinese currency proclamation issued this weekend. China's decision to abandon its currency peg is a victory of pragmatism over divisive politics, the result of careful diplomacy by leaders in Beijing and ...

In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People s Bank of China has decided to proceed further with reform of the RMB ...

The People's Bank of China spoke on Saturday about the value of the yuan, with something like the oracular vagueness and market-moving power of Alan Greenspan speaking before Congress, and as often was the case with Greenspan, it is ...

It will make us poorer because consumer goods from China will be more expensive.. China's policy of keeping its currency, the renminbi, undervalued has become a significant drag on global economic recovery. China was manipulating its currency - selling renminbi ...

It's old news that many U.S. economists view the Chinese currency as undervalued by as much as 40%. So far, the Chinese government has denied any charges that it manipulates its currency to boost exports at the expense ...

In light of the number of manufacturing and goods-producing jobs lost in America over the past decade, it's no wonder why many in Washington and on Main Street are clamoring for a trade and currency war with China. The ...

The business community and pro-trade liberalization elements in Congress are pushing the Administration of President Barack Obama to press China to voluntarily revalue the renminbi. The Administration is under intense political pressure to "get tough" with China, and the Treasury ...

A U.S.-CHINA TRADE WAR IS RAPIDLY brewing, as President Barack Obama pushes China to adopt a " Meanwhile, 130 members of the U.S. House of Representatives are pressing the Treasury Department to brand China a "currency manipulator" and ...

The Chinese new year has only just started, and already trade tensions are ratcheting up. To return to the People's Daily article, I think many in China have argued that a revaluation of the RMB may have a significant ...

I continue to read that the Swiss franc has been gaining on the euro because of the euro's weakness. Moreover, repeated attempts by the Swiss National Bank (SNB) to devalue against the euro during the past year have encountered ...

The following is Warren Mosler's proposal for the Fed, Treasury, FDIC and the banking system. I begin with my proposals for the banking system, as banking operations influence both Fed and Treasury operations.. Part of the current crisis was ...

In a recent Investment Outlook, Bill Gross suggested that China may abandon its dollar peg within six months' time. While most of the developed world harps on China for alleged currency manipulation, we believe it is entirely possible (if not ...

The non-biblical concept of original sin, as Claus Vistesen notes in this post, when propounded in its standard Obstfeld & Krugman textbook version refers to the situation where many developing economies who are not able to borrow in their own currencies ...

The International Monetary Fund is gently prodding China to encourage revaluation of its currency. As the Wall Street Journal points out, the "completion of the IMF review of China's economic policies was as significant as the message. For the ...

What provoked the banking crisis of 1992?. It had very, very little to do with the construction of the welfare state economic model. We tried to defend the existing exchange rate with interest rates up to 500%. And today it ...

The International Monetary Fund intensified the brewing U.S.-China trade war on Monday, agreeing with the American contention that the yuan is undervalued.. U.S. officials have long criticized China for keeping the yuan undervalued. But former President George ...

A low level of credit in a country does not appear to hinder the effectiveness of monetary policy in controlling inflation, a new working paper published by the International Monetary Fund finds. Monetary policy, at least in part, operates through ...

China will pursue exchange rate reform, the deputy head of the Chinese central bank pledged Friday in the face of mounting pressure in the West for Beijing to ease restrictions on its currency.. Group of Seven finance chiefs meeting in ...

The Chinese stock market had a fairly volatile day, with the SSE Composite bouncing up and down by 1% or more several times during the day before it closed at 2306, down 0.8% for the day. On Monday, joining ...

The stock market started out badly Thursday, dropping 1.8% during the first two hours of the trading day, before a press conference by Hu Jintao, stressing the need for growth, brought back optimism over government-engineered policies to boost growth ...

Andy Xie has an interesting Op-Ed in today's South China Morning Post in which he argues that the US, with Europe not far behind, is entering into a period of low growth and rising inflation.. China is a net ...

China will continue with its currency policy reforms, the central bank said in its quarterly monetary policy report.. China has repeatedly said it will allow the currency to appreciate gradually and let market forces play a greater role in determining ...

XIANGHE, A more flexible exchange rate is crucial to China as it tries to deal with asset bubbles and inflation, US Treasury Secretary Henry Paulson said.. In remarks at the strategic economic dialogue, a meeting of senior level officials of ...

Preventing the Chinese economy from overheating is the top priority for the central bank in current and upcoming macroeconomic policy, People's Bank of China (PBOC) Governor Zhou Xiaochuan said in an interview with the Financial News. The PBoC's ...

Treasury Secretary Henry Paulson today said ensuring the safety of Chinese goods bound for the US and energy security for the US and China are major goals that both countries will try to advance at the December meeting of the ...

Widespread expectations that the yuan will continue to appreciate are at the root of China's monetary problems and a number of steps need to be taken to dampen them including reforming the current exchange rate regime, according to a ...

China will pursue exchange rate reform, the deputy head of the Chinese central bank pledged Friday in the face of mounting pressure in the West for Beijing to ease restrictions on its currency.. Group of Seven finance chiefs meeting in ...

An internal investigation at the International Monetary Fund has found what it calls an 'effectiveness gap' in its monitoring of countries foreign exchange rate policies from 1999 through 2005.. 'The IMF was simply not as effective as it needs to ...

Market Review - 29/07/2010 22:56 GMT

Euro surges above $1.3100 on upbeat European economic data

The single currency broke above the $1.31 level for the first ...

Introduction:

This paper focuses on the exchange rate regime of Brazil during the 1960 to 1975 period and why the policy makers declined to change their exchange rate regime, in ...

The United States and China are locked in battle over China's manipulation of its currency. The yuan's undervaluation has become so considerable...

The Authority on Currencies™ endorses Singapore Dollar thanks to sound monetary policy.. Palo Alto, CA (PRWEB) December 07, 2011 . . Merk...

Ongoing currency wars have forced Brazil's government to take steps to help boost the competitiveness of the country's manufacturing base, Finance...

Don't fill in this field Experts' Corner Home Subscribe (RSS) Tweet . Lionel Jensen, Associate Professor of East Asian Languages and Cultures...

HSBC Holdings PLC (HBC) unit Hongkong & Shanghai Banking Corp. said Thursday it was leaving its prime lending rate in the city unchanged at 5.00%...

It shouldn't take a Greek tragedy to remind us that austerity doesn't work. It maximizes the pain of necessary adjustment.. . As with an external...

A recent Goldman Sachs note discussed the policy options available at this juncture in the economic "recovery". They said (via ZeroHedge):. . . "5...