Keyword: yuan
Free Money? (5/12/2010)
The dollar as an international reserve currency allows the United States to pile up huge budget and trade deficits as export-surplus countries accumulate dollars for their foreign exchange reserves.
Keywords: appreciation, budget deficits, central banks, dollar, foreign exchange reserves, free money, IOU, Reserve currency, trade deficits, yuan
Sinking Dollar (1/21/2010)
The US dollar has been losing its value as an international reserve currency due to its persistent trade deficits.
Keywords: foreign exchange, Gisele Bundchen, reserve currency, trade deficit, US dollar, yuan
To Revalue or Not to Revalue – The Yuan Story (1/23/2010)
The Chinese yuan may be under-valued against the US dollar, but yuan revaluation is unlikely to substantially reduce US trade deficit with China.
Keywords: current account deficit, current account surplus, dollar, foreign exchange, revaluation, RMB, trade deficit, trade surplus, yuan
Trade Surplus Trap (6/18/2010)
Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.
Keywords: China, dollar, exchange rate, fiat money, Germany, Japan, outsourcing, part-time workers, sterilize, temporary workers, trade surplus, Wage arbitrage, wages, yuan