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The devalued yuan and China's faltering economic transition
Asia focus, Published on 24/08/2015
» On Aug 11, the People's Bank of China (PBOC) undertook the largest single-day devaluation in 20 years by pushing down the value of the yuan by 1.9% against the US dollar. That was followed by two more days of reference-rate adjustments that knocked almost 4% off the value of the currency. At that point, Beijing assured nervous global markets that it was satisfied with the new rate around 6.4 to the dollar and would aim for "stability" going forward.
Asian central banks are forever blowing bubbles
Published on 13/06/2015
» Recent years have seen reams of research on the role of central banks in inflating asset-price bubbles. The latest developments in Asia suggest that more may be coming.