SDR review takes place every five years Staff paper lays out initial considerations; formal Board meeting late 2015 Focus on Chinese renminbi for meeting inclusion criteria The IMF Executive Board will formally review the composition and valuation of the Special Drawing Rights (SDR) basket toward the end of the year. As part of this process, … Continue reading
The Chinese currency volatility does not mean the yuan will be hit by the depreciation trend. By Sputnik News Although the Chinese yuan has been falling against the US dollar since the beginning of this week, concerns over the currency fluctuation are grossly exaggerated according to China’s experts As the yuan continued its slide against the US dollar nearly reaching the … Continue reading
Erin Ade sits down with Steve Hanke, professor of economics at Johns Hopkins University and director of the Troubled Currencies Project at the Cato Institute. Dr. Hanke tells us what impact the strong US dollar is going to have on emerging markets and gives us his take on if the Federal Reserve should take emerging … Continue reading