China is Sovereign in their Currency

In a recent article, Michael Pettis is missing the point of arguments that claim the Chinese money system is different. The point is that the Chinese government effectively owns and operates the Chinese money system

India: Rupee Q and A

by Ajay Shah Original title was ‘The rupee: Frequently asked questions’ Ajay Shah’s blog, 01 December 2011 Q: How big is the market for the rupee? The rupee is now a big market. Summing across both spot and derivatives, perhaps $30 billion a day of onshore trading and $40 billion of offshore trading takes place. …