China Macroeconomics & Academia

Christopher Balding

FX & Rates

<p>Despite the typically staid reputation around the world, in China money markets are part of the front line of any economic or policy changes in China.  Early this year with all the official emphasis on “deleveraging”, money markets experienced some abnormal movements. From inverted yield curves to large and relatively rapid increases in rates, we witnessed significant movements. What is notable in more recent history, is the calm that has come over Chinese money markets.</p><p>Since the beginning of…</p>

Despite the typically staid reputation around the world, in China money markets are part of the front line of any economic or policy changes in China.  Early this year with all the official emphasis on “deleveraging”, money markets experienced some abnormal movements. From inverted yield curves to large and relatively rapid increases in rates, we witnessed significant movements. What is notable in more recent history, is the calm that has come over Chinese money markets.Since the beginning of…

CNY

What Happened to Chinese Money Markets?