China Vows Slow, Tempered Change to Exchange Rate
Filed under: Market Matters, Politics, CurrencySaturday, China signaled that it would abandon its currency peg against the U.S. dollar.
Then on Sunday, China's central bank said there would be no significant appreciation in the renminbi (the currency o...
The (almost) dollar crisis of 2007 …
It is now rather common to argue that those economists who anticipated the crisis anticipated the wrong crisis – a...
SAFE, state capitalist?
One of the questions raised by the expansion of sovereign wealth funds – back when sovereign funds were growing rapidly on the back of high oil prices and Asian countries’ increased willingness to take risks with the reserves – was whether sovereign funds should best be understood as a special breed of private investors motivated...
Chinese Handcuffs? No, Chinese trade deficit
This is Mark Dow. Brad is away.
China has become the obsession that Japan was back in the 80s. And rightly so. It is a huge place, with a robust secular growth force underlying it (remember the conditional convergence growth hypothesis?). Rumors of China doing this or that have become a daily staple of the market.
Lately,...
