It took several years of deliberation before the inclusion of China’s Renminbi in the SDR basket was approved by the International Monetary Fund's board of directors. RMB’s global reserve status also means it will become the first emerging market currency that can be used to settle IMF credits and debts, and the World Bank's Executive Director, Otaviano Canuto, calls the move a "win-win for China and the world."
Nos anos que precederam a crise financeira global, a presença de grandes desequilíbrios em conta corrente entre economias sistemicamente relevantes foi objeto de intenso debate quanto a constituírem ameaça…
https://youtu.be/M7DAi_U65rU And here I speak English at China's CCTV and CNTV on the entry of the Renmimbi into the IMF's SDR basket of currencies Also: [朝闻天下]人民币正式“入篮” 美国 世行执董：人民币“入篮”是双赢_CCTV节目官网-CCTV-13_央视网(cctv.com)…
11 August 2016 - Otaviano Canuto The Chinese economy is rebalancing while softening its growth pace. China’s spillovers on the global economy have operated through trade, commodity prices, and…
Capital Finance International, spring 2016 World trade suffered another disappointing year in 2015, experiencing a contraction in merchandise trade volumes during the first half and only a low recovery…
Trade has been a key driver of global growth, income convergence, and poverty reduction. Both developing countries and emerging market economies have benefited from opportunities to transfer technology from…
Reuters BUSINESS NEWS NOVEMBER 29, 2015 IMF's yuan inclusion signals less risk taking in China Pete Sweeney, Krista Hughes SHANGHAI/NEW YORK (Reuters) - When the International Monetary Fund agrees on Monday to…
China’s shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging.
Capital Finance International, spring 2015 The oil price plunge since last June has been deemed, overall, as a boon for the global economy. However, that depends on where one…
A queda do preço do petróleo desde junho passado tem sido abordada, em geral, como benéfica para a economia global. No entanto, isso depende de onde se está como…
BRICLab Conference: Are BRICS a New Platform for Global Economic Governance Columbia SIPA Published on Nov 14, 2014 November 14, 2014 Low Library Panelists will weigh in on the prospects…
Lecture at University of Illinois at Urbana-Champaigne (October 12, 2014) China, Brazil - two tales of a growth slowdown
The 2014 baseline for the global economy still appears to be trending upwards, but the Year of the Horse may be jumpy.
The global economy looks poised to display better growth performance in 2014. Leading indicators are pointing upward – or at least to stability – in major growth poles. However, for this to translate into reality policymakers will need to be nimble enough to calibrate responses to idiosyncratic challenges.
Emerging Markets (EMs) are more likely to suffer shocks, such as commodity-price and terms-of-trade shocks, as well as surges and sudden stops in capital flows.. Furthermore, structural and institutional features typical of most EMs tend to amplify and propagate shocks. Even when asset price-led cycles are not generated within EMs, they tend to be affected the most due to capital flows.