Reforms do not necessarily mean free-floating yuan, says PBOC chief Central bank chief Zhou Xiaochuan said on Monday that the country's goal to achieve the yuan's capital account convertibility ...

The idea of a "gold standard" monetary system is pretty simple -- the currency's value is fixed to gold. This is really no different than the dozens of "euro standards" and "dollar standards" already ...

IN the past two years the financial strength of the free nations of the world has grown remarkably. Europe is now strong enough for the biggest and riskiest financial step since the end of World War ...

MUMBAI/NEW DELHI, May 8 (Reuters) - Fresh from his success in securing a mandated inflation target, Reserve Bank of India Governor Raghuram Rajan has revived another long dormant reform as he seeks to ...

Economic liberalisation set in motion by the Narasimham Committee’s recommendations in 1991 put India on the path to opening its previously closed economy. Within five years, the country had moved to ...

Chinese government officials offered assurances on currency convertibility and easier access to its financial markets while simultaneously warning the US government about following through on threats ...

Scott Sumner has been championing "nominal GDP futures" ("NGDP futures") as a means of creating "market-based monetary policy." This has provoked all kinds of debate, such as whether the Efficient ...

A robust external profile has enabled increasing levels of convertibility in both current and capital accounts of India’s transactions with the world. Moreover, the country today boasts strong forex ...

Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major step forward. Thought leaders are abandoning "old monetarism ...

In May 2003, Russian President Vladimir Putin announced that the Russian ruble would be made fully convertible by the end of the decade. Over the next year, he steadily moved up the target date for ...

Two years ago, Britain’s Chancellor of the Exchequer Richard A. Butler said he was planning to free the pound sterling and open the way to convertibility of currency among the Western nations. The ...