All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
There is a different narrative to be had around China’s change to its banks’ required reserve ratios.
This week China compelled its banks to lend more money, a move interpreted as propping up its currency. But was it?
Allowing China’s currency to go up and down with the market is one way to longer-term stabilisation.
Beijing wants the Renminbi to become an international currency - but is it prepared to do what it takes?
The Fed building in New York: just a nice facade?
Market speculation on whether the Fed will raise rates is reaching fever pitch, but the central bank no longer has the pull it once did.
Chinese authorities allowed the yuan to drop rather than holding it at an artificially inflated price.
China's actions around the yuan are less dramatic than they have been portrayed. But what's behind the drop is the major worry for Australia.
A change in the scales isn’t likely to put a major dent in the growth in US exports to China.
Yuan dollar via www.shutterstock.com
China's interventions to cheapen its currency relative to others will hurt US imports in the short term, but the country's surging "mainstream" will easily offset the impact.
Undervalued or overvalued? It depends on your perspective.
The US may not like it, but by devaluing the yuan the People's Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
The People’s Bank of China surprised observers by cutting its reserve requirement ratio by 100 basis points to 18.5% on the weekend.
Most of the new credit released after China's central bank cut the required reserve ratio will be used to fund new investment in infrastructure and construction -- and that's good news for Australia.
The cut to China’s reserve requirement ratio (RRR) can also be seen as a move against China’s unregulated shadow banking sector.
The 100 basis points cut by the People's Bank of China is as much as about containing unregulated credit within China as a bolster to slowing growth.
The People’s Bank of China recently cut interest rates to stimulate the economy. But it probably won’t fix the real problem.
China’s central bank surprised most observers last month when it announced its first interest rate cut in more than two years. The move is intended to bolster growth in the world’s second-largest economy…