International macroeconomics: Current Affairs, GK & News - 2020-2021
US labels China a Currency Manipulator
Published: August 7, 2019
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
United States designates China as currency manipulator
Published: August 6, 2019
The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The US action came after China allowed its yuan to weaken past the key seven-per-dollar level for the first time in more than a decade. This decision will ..
Topics: Balance of trade • Currency • currency manipulator • Devaluation • Economy • Foreign exchange market • International macroeconomics • Macroeconomics • Monetary hegemony • Money • National accounts
US Federal Reserve’s Rate Cut: Impact on India
Published: August 2, 2019
The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke in 2008. The rate cut marked a departure from the hawkish rate-hike trajectory of US Federal Reserve moving in the direction of bolstering the debt-laden American economy. ..
Topics: Economy • Fear of floating • Federal funds rate • Inflation • Interest rate • Interest Rates • International macroeconomics • Macroeconomics • Mathematical finance • Monetary Policy • Money • Social economic analysis • US Federal Reserve
India finds problems OECD Services Trade Restrictiveness Index
Published: May 17, 2019
India has found problems with the current method under which the OECD index –Services Trade Restrictiveness Index (STRI) – ranks countries based on their services trade policies. As per study commissioned by Indian Ministry of Commerce, the outcomes of index are biased and counter-intuitive. For example, the index seems to show the Indian services sector ..
United Nations Conference on Trade and Development (UNCTAD) has expected India’s economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017
Published: October 1, 2018
United Nations Conference on Trade and Development projects India’s economy to grow 7.0% in calendar year 2018 As per the report “Trade and Development”, the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors ..