China could increasingly utilise foreign currencies in its domestic market in an attempt to make trading more profitable for Chinese companies. It could also issue bonds in a variety of the IMF’s reserve currencies to increase the exposure of the yuan to foreign markets.
1 Apr 2016
Despite a volatile second half of 2015 and beginning 2016 on a rather precarious note, little seems to stand in China’s way as it seeks to position the yuan as a global reserve currency and supplant the US to become the global benchmark for fixed income.
22 Mar 2016
The fiscal irresponsibility in recent years has not been limited to the federal government. The state and municipal governments have also disrespected the Fiscal Responsibility Law, if not directly, at least its spirit, often with the help of the National Treasury. The bill has now come due and the state governments are pressuring the central government for some relief. Missteps can aggravate the…
8 Mar 2016