The renminbi (RMB), the official currency of the People's Republic of China, is rising in importance in internal foreign exchange and other markets, receiving an increasing amount of attention from politicians, economists, traders, investors, and corporate hedgers. Before 2009, …
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
This report is the thirteenth in the annual series addressing major development issues. This report is about the poor. It is thus about the fundamental issue in economic development : the eradication of poverty from the world. The report defines poverty in broad terms, to includ…
Before the onset of the global financial crisis in late 2008, countries in Eastern Europe and Central Asia (ECA) experienced strong economic growth. Demand for electricity increased steadily with gross domestic product (GDP). GDP grew, on average, 6.5 percent between 2000 and 20…
The global financial crisis showed the crippling effect poor liquidity risk management can have on markets and on firms.In its wake, market practitioners and regulators alike recognise the necessity of effective management of liquidity and assessment of risks. Yet liquidity rema…