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Tag Archives: reserve currencies

Beijing sets out its stall

  Although the gloss has worn off the market’s initial enthusiastic endorsement of Beijing’s ambitious reform plans unveiled last month, there is little doubt they represent a major further move towards freeing financial markets – and promoting the international role of the RMB.   In addition to changes in how companies file for stock market…
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Central banks into equities

When I first proposed that central banks might hold a basket of diversified equities on the assets side of their balance sheets, it was an unheard-of notion. My friends advised me to take it out. “People will think you’re crazy”, they said. Now it turns out that that is exactly what a growing number of…
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