Home Banking Mark Sobel on the renminbi, ‘Foolhardy’ to cry manipulation, and Time for radical EMU reform

Mark Sobel on the renminbi, ‘Foolhardy’ to cry manipulation, and Time for radical EMU reform

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Mark Sobel on the renminbi, ‘Foolhardy’ to cry manipulation, and Time for radical EMU reform

Latest opinion and analysis from OMFIF around the world

5-9 August 2019, Vol.10 Ed.32

Most-Read Commentary

Renminbi slides past Rmb7 per dollar: David Marsh, chairman and co-founder of OMFIF, interviewed Mark Sobel, OMFIF US chairman, on the consequences of the renminbi falling through Rmb7 per dollar. They discuss President Trump’s latest salvo of tariffs against China and the probable response by Beijing and the People’s Bank of China.

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Commentary

‘Foolhardy’ to cry manipulation: China had for the last year been propping up the renminbi against downward pressures by jawboning and talking to its banks, fixing the renminbi above the market price, squeezing short positions and tightening capital controls. It is foolhardy to argue China is ‘manipulating’ its currency, says Mark Sobel. Read more.

Commentary

Time is ripe for radical EMU reform:
May’s European elections exposed a politically fragmented EU. The picture is worsened by Britain’s impending departure, possibly on very fractious terms. The time is ripe to enact radical proposals that would make genuine risk-sharing in EMU politically acceptable, writes Marcello Minenna. Read more.

Podcast

How do central banks invest?: OMFIF’s Danae Kyriakopoulou speaks with Elliot Hentov and Andrew Wold from State Street Global Advisors about a joint piece of research entitled ‘How do central banks invest?’ Topics included embracing risk in official reserves management and central banks’ growing role in capital markets. Listen to the recording.

News

OMFIF joins EEM Initiative council: The Energy Efficient Mortgages Initiative is pleased to announce that OMFIF has joined the advisory council of the EEM Pilot Scheme. The initiative is a platform for the exchange of best practices and dialogue, with the goal of achieving market development in relation to energy efficient mortgages. Read more.

 

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