Topic: International

“Canada Urges ‘Moderate’ Monetary Policy”

– December 17, 2010

“On Monday, Bank of Canada Governor Mark Carney warned that Canadians are “stretched” financially and “increasingly vulnerable to an adverse shock” such as interest rate hikes. Carney urged Canadians to be “prudent in their borrowing,” and ensure that …

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“Five Ways Inflation in China Can Affect the US”

– December 15, 2010

“There’s no free lunch. All potential “solutions” to the Chinese inflation problem come with serious associated potential costs and risks. For example, raising interest rates could devastate the real estate industry and other sectors that have become a …

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“Beware of a China Bubble”

– December 10, 2010

“After QE2, analysts were looking for possible consequences of the Federal Reserve Bank’s actions. What has become apparent is that the Fed has created another bubble in China. Investors globally have transferred devalued US dollars and euros to buy Ch …

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“Dollar Weakens Versus Euro as Treasury Yields Decline Before Fed Meeting”

– December 10, 2010

“The dollar fell against the euro, paring a weekly gain, on speculation Federal Reserve policy makers on Dec. 14 will discuss a plan to extend Treasury purchases to support growth. The dollar dropped as benchmark Treasury yields declined for a second d …

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“Bernanke: China ‘Risking Inflation’ With Currency Policy”

– December 6, 2010

“Federal Reserve Chairman Ben Bernanke said China is “risking inflation” in its own economy, while threatening other nations, by not allowing its currency to appreciate. In an interview with CBS’s “60 Minutes” posted on the program’s Web site, Mr. Bern …

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“Rand Gains Fifth Day as Bernanke Says Further Stimulus Possible”

– December 6, 2010

“South Africa’s currency appreciated as much as 0.3 percent to 6.8530 per dollar and traded at 6.8550 by 9:35 a.m. in Johannesburg, from a previous close of 6.8760. Against the euro the rand added 0.4 percent to 9.1563. … The rand has surged 37 perce …

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“The Role of International Law in Monetary Affairs”

– December 3, 2010

“Monetary affairs have been a stronghold of national sovereignty, and international law is poorly developed in this field, which has been characterized by informal coordination. This article explores the theoretical underpinnings of monetary competitio …

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“What food inflation looks like through the lense”

– December 1, 2010

“The question of China’s artificially low interest rates and currency and its effects on economies will be left for another day. However, we would like to call your attention to the always interesting China Hush pictorial on what 100 yuan (~$15) will b …

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“Totally Standard Hyper-Inflation”

– December 1, 2010

“Sure, buying and selling government debt in the open-market is how central banks control short-term interest rates. That’s why the Fed Funds rate is a target, and the actual outcome in the marketplace is instead known as the Effective Fed Funds. Biddi …

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“The Dance of the Dollar” – Steve Hanke

– November 30, 2010

“The dance of the dollar counts — and it counts a lot. With few exceptions, when the dollar weakens against the euro, commodity prices soar, and when the dollar soars against the euro, commodity prices plunge. Every commodity trader knows the importanc …

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“China, Russia quit dollar”

– November 26, 2010

“China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected clos …

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“Argentina Seeks IMF Help to Start New Inflation Index”

– November 24, 2010

“Argentina’s government, in an unexpected shift toward economic pragmatism, said it was seeking technical assistance from the International Monetary Fund to design a new inflation index that could help restore credibility to official statistics. Econom …

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