... e Federal Reserve was behind them. The Federal Reserve, ...全文
... S Federal Reserve is somewhat behind the ECB but has recently created a committee to look at embedding climate-related risk into considerations of financial stability. In our view, the main stimulus n ...More
EJ Insight2021-05-14
... credible reserve currency depends on currency convertibility, deep capital markets, honest government, and the rule of law – all of which China lacks. The US has demographic advantages, too: its work ...More
EJ Insight2021-05-10
... the IMF’s reserve asset) can help, but this instrument is too crude and ill-designed to use on a routine basis. The Bretton Woods institutions established at the end of World War II were designed to a ...More
EJ Insight2021-05-06
... ry Fund’s reserve asset) – something that President Donald Trump’s administration had blocked. Details of the plan, which has been endorsed by the G20 finance ministers and central bank governors and ...More
EJ Insight2021-04-22
... eaningful reserve currency for the time being or act as a sizable counterweight to any negative economic influence coming out of the US. In addition, China’s ability to stimulate through infrastructur ...More
EJ Insight2021-04-21
... S Federal Reserve and other major central banks are being excessively accommodative with policies that combine monetary and credit easing. The liquidity provided by central banks has already led to as ...More
EJ Insight2021-04-15
In 2009, in the midst of the global financial crisis, Paul Volcker, the former Federal Reserve chair, famously observed that the only socially productive financial innovation of the preceding 20 years ...More
EJ Insight2021-04-12
... S Federal Reserve’s tune, even if Chinese capital controls provide some measure of insulation. China’s GDP (measured at international prices) surpassed that of the US back in 2014 and is still growing ...More
EJ Insight2021-04-05
... ’s global reserve asset. As matters stand, the IMF could immediately issue about $650 billion in SDRs without seeking approval from member-state legislatures. And the expansionary effect could be boos ...More
EJ Insight2021-03-26
... S Federal Reserve introduced in spring 2020 has lowered short-term interest rates to zero, and Fed Chair Jerome Powell has repeatedly pledged to leave rates at that level for several years. A third fa ...More
EJ Insight2021-03-26
... 行(Federal Reserve Bank of Boston)與麻省理工學院(MIT)的學者們已經在這樣做 ...全文
名家論壇Project Syndicate2021年03月23日
... 儲備(excess reserve),存放在銀行體系內,並沒有流出實體經濟,令通脹不致顯著抽升。不過,今次聯儲 ...全文
... the IMF’s reserve asset, a move that her predecessor, Steven Mnuchin, had blocked. Following their February 26 meeting, G20 finance ministers and central bank governors asked the IMF to develop such a ...More
EJ Insight2021-03-11
The idea of a digital dollar has been in the air for some time now. Recently, it descended from the ether to the lips of US Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. At an ...More
EJ Insight2021-03-11
... e Federal Reserve Bank of Atlanta’s much-watched (and notably volatile) GDPNow model now estimates annualized first-quarter GDP growth to have reached around 10%. This notable economic pickup is being ...More
EJ Insight2021-03-10
... ry Fund’s reserve asset, special drawing rights – to mitigate some of the excesses associated with the dollar, euro, yen, pound, or any other national currency. For its part, China has already introdu ...More
EJ Insight2021-03-09
... S Federal Reserve and Department of the Treasury through quantitative easing (a form of Modern Monetary Theory or “helicopter money”). A growing chorus of critics warns that this approach could overhe ...More
EJ Insight2021-03-03
... S Federal Reserve – the de facto global central bank – will be forced to hike rates, potentially bursting asset-price bubbles around the world. But while markets are probably overstating short-term in ...More
EJ Insight2021-03-02