Results for SDR
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World Bank's SDR Bond: What It Is and Isn't

September 01, 2016
The World Bank sold the equivalent of about $700 mln of a three-year of a multiple currency bond that duplicated the composition of the IMF's Special Drawing Right or SDR.   There has been much fanfare.  It is the first SDR bond in more than 30 years according to reports.  
The bond was issued in mainland China.  Investors buy the bond in yuan,…
World Bank's SDR Bond: What It Is and Isn't World Bank's SDR Bond:  What It Is and Isn't Reviewed by Marc Chandler on September 01, 2016 Rating: 5
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Yuan and Why

August 17, 2016
(I write a monthly column for a Chinese paper.  Here is a draft of it)
It is as if Hamlet, the confused prince of Denmark, has taken up residence in Beijing.The famed-prince wrestled with "seeming" and "being".So are Chinese officials.They seem to be relaxing their control over financial markets but are they really?Are they tole…
Yuan and Why Yuan and Why Reviewed by Marc Chandler on August 17, 2016 Rating: 5
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China: Political and Economic Developments

August 08, 2016
This is the period in the monthly cycle that China releases most of its high frequency data.  The process is well under way.  Over the weekend, China reported its reserve figures that suggested capital outflows have slowed.  Earlier today China reported its largest trade surplus (in dollars and yuan) since January.  
With the help of a lending spre…
China: Political and Economic Developments China:  Political and Economic Developments Reviewed by Marc Chandler on August 08, 2016 Rating: 5
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SDR Does Not Stand for Secret Dollar Replacement

April 15, 2016
At the IMF/World Bank meetings this week, Chinese officials are again pushing for greater use of the IMF's unit of account, Special Drawing Rights.   It is China's turn as the rotating host of the G20, which gives it greater influence over its agenda.  
For its part, the IMF is concerned about global financial stability and must be open-min…
SDR Does Not Stand for Secret Dollar Replacement SDR Does Not Stand for Secret Dollar Replacement Reviewed by Marc Chandler on April 15, 2016 Rating: 5
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