United States: The temptation of a “Military QE”

End 2017/early 2018, all major Western Central Banks will be putting a final stop to the 2008 crisis-related unconventional monetary policies, namely the famous quantitative easing policies (QEs) which enabled to provide liquidity to those banks which saw their mutual confidence for borrowing collapse in the aftermath of the subprime crisis. Fiscal QE in rich countries: the European Central Bank, the Bank of England and the Bank of Japan are all approaching a slowdown in bond buyback.
In Europe, Draghi has repeated it over and over again: the Central Bank cannot do everything and therefore structural reforms of the euro are urgently needed…
Read more in the GEAB 119 / 2017

The internationalisation of the Yuan: Securing China’s financial system
China’s decision to introduce in 2018 the gold-convertible petro-gazo-Yuan currency is an important step in the process of internationalisation of the Yuan. It confirms the will of Beijing (asserted for a decade already) to impose the Renminbi (official name of the Chinese currency) as new global reference currency. In October 2016 the IMF decided to introduce the Yuan into its own currency basket of the Special Drawing Rights (SDR), after a series of reforms and intense Chinese pressure…
Read more in the GEAB 119 / 2017