Economia
Chinese Vice Finance Minister Zhu Guangyao said the U.S. Federal Reserve’s decision to pump $600 billion into the economy might “shock” emerging markets by flooding them with capital.
The first round of quantitative easing, as the Fed policy is termed, in 2009 was justified because the global economy lacked liquidity, Zhu told reporters in Beijing today. With a recovery now under way, new purchases of Treasuries to inject funds into the financial system may be destabilizing, he said.
“Around the world we have $10 trillion of hot money flowing around, more than the $9 trillion in hot money at the beginning of the global financial crisis,” Zhu said. The U.S. “has not fully taken into consideration the shock of excessive capital flows to the financial stability of emerging markets.”
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Economia
Quantitative easing
Chinese Vice Finance Minister Zhu Guangyao said the U.S. Federal Reserve’s decision to pump $600 billion into the economy might “shock” emerging markets by flooding them with capital.
The first round of quantitative easing, as the Fed policy is termed, in 2009 was justified because the global economy lacked liquidity, Zhu told reporters in Beijing today. With a recovery now under way, new purchases of Treasuries to inject funds into the financial system may be destabilizing, he said.
“Around the world we have $10 trillion of hot money flowing around, more than the $9 trillion in hot money at the beginning of the global financial crisis,” Zhu said. The U.S. “has not fully taken into consideration the shock of excessive capital flows to the financial stability of emerging markets.”
Leia mais
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- A Crise Da Cultura Inflacionária
Krise der Inflationskultur (Munich: Finanzbuch-Verlag, 2013), 320 pp. The strongest criticisms of fiat money and central banking have been based on monetary considerations and on the theory of capital. By contrast, the repercussions of an inflationary...
- Afrouxamento Monetário
Quantitative Easing – Folly or Method? By Antony P Mueller10/05/2012 While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility. Yet monetary policy is like shooting in a dark room. Monetary policy...
- "currency Swap" Entre Brasil E China
Brazil-China to Sign $30 Billion Currency Swap Agreement Soon By Joshua Goodman - 2012-06-21T23:07:01Z Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...
- Política Fiscal Expansiva Em Consideração
March 5 (Bloomberg) -- Brazil’s government has room to cut taxes and increase public works spending to spur economic growth, Finance Minister Guido Mantega said. The finance minister said the government can undertake “expansionary fiscal policy, with...