Opinion piece
16 March 2015
Opinion piece
16 March 2015
Blog post
19 February 2015
The Chinese renminbi (RMB) depreciated 2.5 percent against the US dollar in 2014. This was the first depreciation since 2005, when Beijing timidly sta
Opinion piece
11 February 2015
The conventional wisdom about the state of the world economy goes something like this: Since the start of the 2007-2008 financial crisis, the develope
Blog post
15 January 2015
Since early 2014, the People’s Bank of China (PBC), the Chinese central bank, has deployed multiple policy tools to loosen its monetary policy st
Blog post
09 January 2015
Back at the start of the decade, I made certain assumptions about how the so-called BRIC economies -- Brazil, Russia, India and China -- would perform
Opinion piece
17 December 2014
The People’s Bank of China (PBC), the Chinese central bank, finally cut its benchmark interest rates on 21 November, after easing its policy in a shad
Opinion piece
04 December 2014
Remember this time last year, when it was fashionable to predict that 2014 would be a pretty bad year for emerging markets? Didn't really happen
Policy brief
14 November 2014
In an environment of rapid change in global patterns of trade and wealth creation, a new revamped (but highly representative) grouping should be creat
Blog post
16 October 2014
Last Monday, I posted about the increasing investment of China in Russia, wondering whether and to what extent it could help Russia smooth the economi
Blog post
16 October 2014
Despite Russian efforts, it seems Asian markets will not provide a quick fix, as yields on yuan-denominated bonds issued by Russian entities have been
Blog post
16 October 2014
European attention will be back to Russia and Ukraine this week, as sanctions are reviewed. In the meantime, important changes have taken place.
Blog post
16 October 2014
What’s at stake: As China moves from being an economy with surplus labor to an economy with labor shortages, the implications for the global econ
Blog post
16 October 2014
There have been definite signs of monetary loosening in China in recent weeks. Nevertheless, for almost a year, the debate continues to rage over whet
Blog post
16 October 2014
On the contrary, among the major central banks, the PBC appears to have tightened the most since the global financial crisis, on the basis of both ex-
Blog post
16 October 2014
Part I discusses three institutional factors favouring a strategy of greater currency flexibility ahead of fuller domestic interest rate liberalisatio
Opinion piece
16 October 2014
Since China is the number one trading nation, the second largest economy and a large net creditor, the world has a huge stake in how China manages its