Tag Archives: valuation

Bank Capital is Illusory

How much capital should banks hold to cover their risk? This column argues that the preoccupation with capital rules misses a more fundamental concern. No amount of feasible regulatory capital can be an appropriate substitute for robust asset selection and valuation standards of banks.
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How Can the Renminbi Appreciate without Gaining Value?

Because of a number of factors, the renminbi has appreciated roughly 30% over several years yet is still undervalued against the dollar by about the same amount as several years ago. Continue reading

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