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looking beyond borders

foreign policy and global economy

Archive for the tag “currency”

The Euro Turns 20

The euro’s first 20 years played out very differently than many expected, highlighting the importance of recognizing that the future is likely to be different from the past. Given this, only a commitment to flexibility and a willingness to rise to new challenges will ensure the common currency’s continued success.

Read Here – Project Syndicate

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Asia Stumbles Into Year Of The Currency War

True, Treasury Secretary Steve Mnuchin effectively declared an end to the 24-year-old strong dollar policy in January 2018. The White House quickly backtracked as markets quaked. In 2019, expect a new currency push. One motivation: US growth is losing momentum. Trump is anxious to keep the key source of his legitimacy humming along. The bigger objective, though, is reminding Asia who’s boss.

Read Here – Asia Times

Asia’s Strongmen And Their Weak Economies

Many people seem to believe that authoritarian rulers deliver better economic results. And yet, with the possible exception of China’s Xi Jinping, Asia’s autocrats, from India to the Philippines, are presiding over increasingly fragile states and even more vulnerable economies.

Read Here – Project Syndicate

Brexit: Eighteen Of The World’s Leading Experts On What Happens Next

Where do Britain and the EU go from here on Brexit? Can and should Britain stay in the EU (from a legal, political, public opinion, or another standpoint) or is separation best? Should Britons get another vote on Brexit or on the final deal? What will Britain’s future relationship with the EU look like, and what kind of an effect will it have on Britain’s economy?

Read Here – The National Interest

Forget Yuan Devaluation, What If Donald Trump Weaponises The US Dollar?

Economic fundamentals have been kind to dollar bulls since early spring, but there is no guarantee of the rally’s life expectancy, especially if “crazy town” politics gain ground in Washington. Beijing had better be prepared to ride the coming storm as it might provide a valuable opportunity.

Read Here – South China Morning Post

How China’s Middle Class Views The Trade War

Never before has China’s fast-growing middle class confronted such daunting economic challenges, which mainly stem from domestic causes but have expanded to include escalating tensions with the United States. As a result, the members of this crucial group have developed an acute sense of anxiety.

Read Here – Foreign Affairs

Crashing Currency Chaos Spreads Across The Global South

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks.

Read Here – Asia Times

Forget US-China Trade War Tariffs, This Is What Really Worries Asia

Is US President Donald Trump really going to amp up trade tariffs against China? And with its back against the wall, will Asia’s biggest, most influential economy use a sharp currency devaluation as a form of retaliation? In Southeast Asia, home to some of the world’s most China-dependent economies, astute market watchers say they are as clueless as the man on the street when it comes to these two questions. But one thing is certain, they say: in the financial markets, bearish “animal spirits” have taken hold…

Read Here – South China Morning Post

The Global Economy’s Uncertain Future

At this time last year, the global economy was experiencing strong, widespread growth, with even the long-stagnant European Union staging a robust recovery. But with key indicators of trade and investment now weakening, a new crisis – not least a global trade war – could quickly bring the global upturn to a halt.

Read Here – Project Syndicate

China Tiptoes Toward Massive Retaliation In Trade War

As Cui, China’s man in Washington, suggests, Xi’s team is now “looking at all options.” While Trump doing his worst with tariffs is worrying, the idea of Xi pulling the plug on the dollar is positively terrifying. Trump must remember that even though he runs the biggest economy, Xi holds the deed.

Read Here – Asia Times

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