Currency interventions by many Asian governments may prove to be an expensive bet, here's why according to economist Michael Ivanovitch.
Not exact matches
The Turkish deputy prime minister denies that the country is in a
currency crisis despite several
interventions by the central bank.
The Turkish deputy prime minister denies that the country is in a
currency crisis despite several
interventions by the central bank to prop up the Lira.
I do not agree with
intervention for our
currency due to factors being escalated
by the American and Chinese central banks.
-LRB-...) But a new paper
by former senior U.S. Federal Reserve economist Joseph Gagnon says
currency intervention — when a government forcibly lowers the value of their exchange rate — has an impact on other economies several times larger than originally thought.
Chinese policymakers want to resurrect their reformist image among domestic intellectuals and the middle class
by yielding more power to market forces to determine its
currency exchange rate, which offers some compensation for July's aggressive, command - and - control
intervention in the A-Share market.
He said apart from these social
intervention programmes, the NPP administration also transformed the economy «
by improving on our
currency, the strength of our cedi, the banking system and the private sector making sure that the environment was good for businesses to flourish.»
These are the rules regarding
currency interventions, ignored
by hubristic governments that go their own way, and lose value as a result.
Currency exchange rates can be affected unpredictably by intervention, or failure to intervene, by U.S. or foreign governments or central banks or by currency controls or political developments in the U.S. or
Currency exchange rates can be affected unpredictably
by intervention, or failure to intervene,
by U.S. or foreign governments or central banks or
by currency controls or political developments in the U.S. or
currency controls or political developments in the U.S. or abroad.
Reserve
currency is a foreign
currency that is held
by major financial institutions such as central banks with the purpose of realization the
currency intervention and settling the intergovernmental reclamations or affecting the domestic exchange rate.
Therefore, the macro environment is prospectively poor for our thesis — we risk
currency depreciation and the ever present threat of government risk /
intervention — but I think this is countered
by the level of stock undervaluation and the «micro» picture.
The
intervention by the Office of the Comptroller of
Currency will cater to a nation - wide licensing program.
«Bitcoin's buzz is gone... It was crushed
by the heavy - handed
intervention of the Chinese government, which is cooling off investor enthusiasm for the digital
currency.»