RMB Internationalization: a bumpy ride (Part I)
RMB internationalization is a relatively new project initiated by the head of the Chinese Central Bank Mr Zhou Xiaochuan back in 2009. The inclusion of RMB has recently been granted to be part of the IMF currency basket. The goals of this article are firstly to analyze the factors leading to the process of “currency internationalization” and secondly to evaluate where the RMB internationalization currently stands
The origin of financial crises
Is the PBoC reversing its monetary policy stance?
The hidden side of the Fed “Tapering”
Monetary policy: tools and implications
US Federal Reserves’ Quantitative Easing: Between a Rock and a Hard Place
Last month, the Fed mentioned the possibility of tappering off its QE somewhere in 2014 should they decide to do so. Can the Fed actually exit from its ultra-accomodative monetary policy ? Let’s take a look of the implication for stocks, bonds and the world economy of such a shift !