Derek Scissors | The Hill
The primary goal of Beijing’s exchange rate policy is not to boost exports, as US critics believe. It’s not to adjust to domestic economic shifts, as basic economics indicates. It is impossible to identify the yuan’s “true market value,” and hence undervaluation or overvaluation. China has a nonmarket financial system. It is a nonmarket system that dictates the yuan’s level and movement.
BY ASIA TIMES STAFF
Slowly, but surely, a small group of countries are moving to throw off the shackles of the greenback
interview with Raghuram Rajan via Yahoo Finance
Hoover Institution fellow Raghuram Rajan talks about China's debt, China's move away from export-led growth to domestic-led growth, and his outlook for the economy.
interview with Raghuram Rajan via Bloomberg Quint
Hoover Institution fellow Raghuram Rajan discusses inflation and notes that central banks across the globe lack the tools to boost inflation. Rajan says that earlier the fight for central banks was against high inflation but unfortunately, we have the opposite problem now that inflation in many cases is a little too low.