315 Results for:

November 28, 2005

China
China still pegs to the dollar …

And it intervenes in a big way in both the spot and the forward market.  But it doesn't manipulate its currency.  At least not technically.   The US Treasury - in a widely telegraphed move - decided …

April 18, 2006

China
Not working — China’s attempts to rebalance its economy

China's leaders talk of rebalancing the basis for Chinese growth, shifting from exports and investment to consumption.   That makes a lot of sense to me.  China's economy is every bit as unbalanced a…

October 19, 2006

Monetary Policy
Richard McGregor helps to solve the mystery of China’s slow q3 reserve growth.

The increase in China’s q3 reserves was about $30b below my expectations.  China’s current account surplus is usually about $15b per quarter larger than its trade surplus, and net FDI inflows have be…

November 8, 2006

China
Absence of global rebalancing watch - first q4 data point from China edition

I spent last night following the outcome of the US election.   It looks like a majority of US electorate tired of Bush Administrations policies (and Rummy) before the rest of the world tired of finan…

chinatrade1

December 29, 2006

Monetary Policy
Call me Ahab (q3 IMF COFER data)

The data on global reserve accumulation is my great white whale.   I suspect I am about the only person who cares that the IMF just released its q3 data on global reserve accumulation.   What is the …