www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Europe likely to send hot money to China

By CECILY LIU (China Daily) Updated: 2015-03-02 07:38

Europe likely to send hot money to China

Photo taken on March 16, 2014, shows yuan (central) and other currencies in the picture. [Photo/IC]

Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon.

Hot money is speculative money that flows quickly between markets as investors cast about for high interest rates and returns. It can create distortions in sufficient quantity.

This impact is similar to that caused by quantitative easing by the US Federal Reserve on China in 2009, when excess money created was looking for a home in a high growth economy, Derrick says.

Europe likely to send hot money to China

Simon Derrick, the chief currency strategist at the Bank of New York Mellon, says China has made strides to liberalize its currency to allow freer trade and investment flows in and out of the country.

As China experiences this inflow of hot money, it is tempting to introduce exchange rate controls similar to a repeg of the renminbi to the US dollar, he says, but such measures are not advantageous for the longer term.

"The temptation is to step in and intervene, but the problem is that you'd simply end up with the same old reserve policies and reserve problem that characterized the currency war for the last 25 years," says Derrick.

Instead, the brave thing for China is to decide that it has committed to liberalizing the currency, so it should use monetary policy to control inflationary pressures, he says.

"I hope that will happen, as it shows that the People's Bank of China, and more generally the Chinese government, have had faith in what they were doing. I really do believe what's happened over the last 18 months is an important step and I'd like to see it continue to happen," says Derrick.

The two events in Europe that Derrick made reference to are the European Central Bank's intention to execute quantitative easing in March and the introduction of a negative interest rate by the Swiss National Bank.

According to European Central Bank announcements in January, at least 1.1 trillion euros will be injected into the ailing eurozone economy.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 孕妇xxxx视频在线 | 国产成人精品区在线观看 | 国产一级毛片在线 | 国产一级成人毛片 | 亚洲精品久久久久午夜三 | 久久中文字幕久久久久 | 亚洲欧美日产综合在线看 | 国产亚洲一区二区在线观看 | 最新国产大片高清视频 | 亚洲国产精品免费 | 亚洲欧美国产日韩天堂在线视 | 成人看的午夜免费毛片 | 国产初高中生粉嫩无套第一次 | 亚洲国产天堂在线网址 | 白嫩美女一级毛片免费看 | 欧美成人做爰网站 | 久久综合99re久久爱 | 99je全部都是精品视频在线 | 免费在线看黄网址 | 亚洲欧美一区二区久久 | 顶级毛片在线手机免费看 | 久久精品视频在线观看榴莲视频 | 国产精品白浆流出视频 | 国产精品私人玩物在线观看 | 久艹视频在线观看 | 美女视频黄a全部免费专区一 | 中文乱码字幕午夜无线观看 | 两性免费视频 | 久久99久久99精品观看 | 亚洲国产成人综合精品2020 | 最刺激黄a大片免费观看 | 国产精品亚洲一区二区在线观看 | 97se亚洲综合在线韩国专区福利 | 欧美精品成人一区二区视频一 | 欧美13一14sexvideo欧 | 久久精品亚洲一级毛片 | 亚洲 欧美 日韩中文字幕一区二区 | 69成人免费视频 | 国产成人福利美女观看视频 | 91久久国产综合精品 | 亚洲欧美在线综合一区二区三区 |