Today we are fortunate to have a guest contribution written by Yin-Wong Cheung, Professor of International Economics at City University Hong Kong, formerly professor at UCSC, and Risto Herrala, economist at the Bank of Finland.
Category Archives: China
Trade Financing Use of China’s Yuan
From Reuters:
China’s yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said on Tuesday.
China, Development, and the US-China Economic Relationship
American Debt, Chinese Anxiety, Elaborated
Or, how the Tea Party is working hard to sabotage the dollar’s role in global finance.
Worries about China
Paul Krugman is among those starting to be concerned about an economic downturn in China. Here are my thoughts on this issue.
Some Thoughts on Recent Chinese GDP Growth
It’s an understatement to say there has been a lot of dismay at the drop in Chinese year-on-year GDP growth, from 7.7% to 7.5%. Figure 1 below, from the IMF’s Article IV report released on July 17, shows data only through 2013Q1, although the forecast for 2013Q2 looks about right to me.
How Competitive Is China?
Newly developed indicators suggest eroding international competitiveness.
The all-powerful Fed
The conventional wisdom is that the big jump in interest rates since the beginning of May is the result of a poorly conceived or poorly communicated shift in policy by the U.S. Federal Reserve. The conventional wisdom is wrong.
The end of low interest rates
The yield on 10-year U.S. Treasury securities averaged 1.8% during 2012, the lowest levels in 60 years. But that episode may now be behind us.
Guest Contribution: “Addressing China’s macroeconomic imbalances through sectorial reforms”
Today we are fortunate to have a guest contribution written Hiro Ito (Portland State U.) and Ulrich Volz (U. London SOAS and DIE). This article is based Ito and Volz (RIE, 2013).