206 Results for:

July 12, 2008

Monetary Policy
Too Chinese (and Russian) to fail?

The epicenter of the US financial crisis now seems to have shifted to Fannie Mae and Freddie Mac -- the government sponsored enterprises that dominate the market for US housing finance. Few inst…

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June 19, 2008

China
Four bits of information to help understand China a little better …

Energy use is subsidized – even though China is a net importer of energy. Even after increasing domestic gasoline prices by 17%, Chinese prices will remain below the world market price. The World …

April 27, 2008

China
What keeps Zhou Xiaochuan up at night

Friday’s Lex column highlighted the possibility that China’s real reserve growth may be far higher than the published increase in its reserves – and thus a lot more hot money may be flowing into Chin…

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May 7, 2008

China
Has China lost interest in the euro?

The blogosphere’s eyes and ears in the London foreign exchange market -- Macro man -- thinks so. China has, he thinks, been a net seller of euros over the past few weeks.   That is something of a …

November 15, 2008

Monetary Policy
The Fed has been forced to seek risk while other central banks seek safety

A global slowdown -- likely a severe global slowdown -- is now underway. Last week’s data erased any real doubt. US retail sales are down. US real goods exports fell in September, and the Octob…

The Fed has been forced to seek risk while other central banks seek safety

July 21, 2008

Monetary Policy
Just how much money does China have? How fast are China’s foreign assets growing? And how much is hot money?

Answering these questions has been a long-term obsession of mine. I am not sure I have the answers, even now. China’s government doesn’t make tracking the growth of its foreign assets easy. …

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December 3, 2008

China
Should the currency of the country with a large and growing trade surplus and large and growing reserves depreciate against the dollar?

On Monday China apparently decided to allow the renminbi to depreciate against the dollar. Let’s be clear: China generally still has to intervene in the market to keep its currency from appreciat…

Should the currency of the country with a large and growing trade surplus and large and growing reserves depreciate against the dollar?

June 3, 2008

Monetary Policy
Scary. But just how scary? Chinese foreign asset growth and hot money flows

The foreign assets of China’s government are clearly growing very fast. The $75 billion increase in April’s reserves -- more like $82 billion after adjusting for the fall in the value of China’s e…

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August 10, 2008

China
Value-added in China’s export sector and China’s exposure to a global slump

Mark Thoma linked to a VoxEU article summarizing new work by Robert Koopman, Zhi Wang and Shang-Jin Wei on the "Chinese value-added" of China’s exports. They find that the Chinese value-added in C…

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December 4, 2008

China
China is starting to sound like a normal creditor country

Most creditors believe that the debtor needs to take the lead in addressing their own problems. China is, apparently, no different. Geoff Dyer of the Financial Times reports: Wang Qishan, a vice…