Apr 04, 2013

The People's Bank of China has been pursuing capital-account liberalization at an increasing rate since 2009. But Chinese policymakers should recognize the significant risks inherent in relaxing capital controls – risks that imply the need for a more cautious approach.

Jan 30, 2012

The core of internationalization of the Chinese yuan, or renminbi, is liberalization of its capital account, as was revealed in China’s practices over the past

Aug 03, 2011

Even as the debt crises in Europe and the United States loom large and the global economic recovery falters, inflation is making a comeback worldwide. Indeed, e

Jun 01, 2011

Recently, HSBC bank released an upbeat survey predicting that China’s currency, the renminbi (RMB), will become one of three global settlement currencies (alon

Apr 03, 2011

BEIJING – Despite shaky economic fundamentals, US government securities are usually regarded as a safe haven. Whenever a crisis erupts, the value of US Treasur

Mar 31, 2011

Efforts should be made to establish a supranational currency as part of a new international financial order The start of the G20 meeting in Nanjing on Thursday

Feb 26, 2011

Before July 2007, most economists agreed that global imbalances were the most important threat to global growth. It was argued that the United States’ rising n