Tag "current account"
Asia Pacific
Economics
Renminbi depreciation poses risk to Chinese economy
In the last couple of weeks, the Renminbi has lost nearly half of its 2013 appreciation against the U.S. dollar. Investor speculation and central bank monetary policy may both be
Economics
South and Central Asia
Raghuram Rajan to Save the Plummeting Rupee
In India, the value of the rupee has fallen dramatically, and the once heralded future economic powerhouse looks more fragile. The U.S. Federal Reserve decided at this week’s FOMC meeting to continue