Ultime notizie

chinese central bank

  • 30 novembre 2021

    English Version

    Beijing’s Unknown Bonds Usage

    The United States may not have noticed yesterday due to Labor Day, but the drastic reduction of Chinese reserves could have a far reaching impact—namely, it could raise the rates of US national bonds way over expectations.

  • 30 dicembre 2019
    Dual interest rates to stimulate the economy, that's why it can be done

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    Dual interest rates to stimulate the economy, that's why it can be done

    The transition to a dual interest rate system would lead to credit growth and to greater share of resources transferred to the real economy. A powerful weapon in the hands of the ECB

  • 28 ottobre 2015
    Central Banks’ Dubious Solutions

    English Version

    Central Banks’ Dubious Solutions

    The European Central bank last Thursday announced that it will soon increase the ammunition in its monetary bazooka. The next day, the Chinese Central Bank cut its interest rates for the sixth times in a year.

  • 28 agosto 2015
    The “Concert” Central Banks Need

    English Version

    The “Concert” Central Banks Need

    Is the development of China in line with the principles of a healthy market economy in everybody’s interest? If the answer is a positive one, The People’s Bank of China (PBC) needs to follow the best monetary rules. During normal times, this means an autonomous monetary policy, free capital

    From Beijing, Local Debt Swap

    English Version

    From Beijing, Local Debt Swap

    The Chinese stock markets rebounded, with Shanghai closing up 5.34 percent, capping a five-day losing streak.

  • 25 agosto 2015
    Quantitative Easing for Beijing

    English Version

    Quantitative Easing for Beijing

    There’s no time to lose—the Chinese road to quantitative easing must be found. To avoid that a heavy correction and losing the gains this year from the stock market lead the Chinese economy to the short circuit of a “particular Japanese-style deflation,” and the world pays the terrible price of

  • 21 agosto 2015
    The Fed’s Inertia and the Currency War

    English Version

    The Fed’s Inertia and the Currency War

    No surprise: even the reports from the Federal Reserve confirmed that we will still have a dollar without rules, which will cause instability on the financial and exchange markets. Yet, central bankers are not interested in exchange volatility—at least until it becomes a political problem.

  • 13 agosto 2015
    Between Interventionism and the Free Market

    English Version

    Between Interventionism and the Free Market

    A step back towards a centrally-planned economy or a step ahead toward the free market?

  • 30 aprile 2015
    The False Chinese QE and the True Bubbles

    English Version

    The False Chinese QE and the True Bubbles

    Has the People’s Bank of China (PBoC) launched a new unconventional expansionary monetary program. Or is it restructuring local public debt to deflate the financial bubble? The correct answer, for now, is the second one. But the strategy adopted by Beijing deserves closer attention because of the

  • 28 marzo 2014
    Less Dollar, More Europe

    English Version

    Less Dollar, More Europe

    The Chinese purchases of European stocks and national bonds—as Bank of China did with ENI and ENEL—is a novelty for Piazza Affari.

  • 05 luglio 2013
    A Clear Direction for Good Governments

    English Version

    A Clear Direction for Good Governments

    A clear path for good governments—this is the kind of path Mario Draghi highlighted when he said that monetary policy will remain expansionary until the

  • 25 giugno 2013
    The Chinese Syndrome on Shadow Credit

    English Version

    The Chinese Syndrome on Shadow Credit

    If political myopia rules, bad currency combined with bad regulations creates the bubbles of shadow finance, which can become deadly toxins for the economic