2016 got off to a febrile start in China. The stock market lost nearly 15% in the first trading week of the year, a reflection of what happened in August last year. But, in contrast to last August, the factors driving this second episode of volatility have more to do with technical considerations that with other types of ec…
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On 30 November the International Monetary Fund (FMI) announced its decision to include China’s currency (the renminbi, RMB) in its basket of benchmark currencies, which is used to determine the value of special drawing rights (SDRs).
What happened in the financial markets after the change of regime quote yuan a month ago, is not it remind us of the famous "butterfly effect" - a Chinese proverb: "the fluttering of a butterfly can be felt across the world "-?
Hoy, tal vez, sea más probable pensar en un mundo multipolar que en una sustitución de la divisa dominante por otra