Emerging Economies Risk Being Crowded Out As First World Steps Up Borrowing
There has been some discussion of the possibility of buyer revulsion eventually reaching the Treasury market as a burgeoning calendar bumps up ... rates...” Brazil, Russia, India and China face external debt payments of $205bn, $605bn, $257bn and $2,437bn respectively, but can rely on large foreign exchange reserves to help meet bills [more...]
Date: 2008-12-29 04:02:28
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Yuan Completes Record Annual Advance as China Seeks Stability
China’s yuan completed its biggest annual gain since the end of the fixed exchange rate in 2005, ... percent slump in the South Korean won and a 19 percent drop for India’s rupee this year. “Any ... to a Bloomberg survey of 34 analysts. The central bank fixed the yuan’s reference rate stronger [more...]
Date: 2008-12-31 12:42:12
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