Monday, May 18, 2015

Links: Chinese, US economic clout

Just the links

How China Covered The World (31 Countries) In "Liquidity Swap Lines

Essentially, China has used bilateral swap agreements to help embed the yuan in international trade in the the post-crisis era. As you'll see below, counterparty countries have also tapped their yuan liquidity lines when they're cut off from dollar funding, making China a critical lifeline for bolstering FX reserves and helping to alleviate shortages of imported goods.

US Refuses To Cede Control Over IMF In Snub To China

The Obama administration signaled it won’t jeopardize the U.S. power to veto IMF decisions to achieve its goal of giving China and other emerging markets more clout at the lender
Currency Swap: Exchange of two currency with or without interest payments. In case of Argentina the is USD . Argentina has a USD 11 billion equivalent Peso/Yuan swap.  Sri Lanka has a USD 1.63 billion equivalent Swap

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