Yearly Archives: 2016

The ABS coins in your wallet

If Bitcoin is a “coin,” could securitizations (“ABS” for short) be coins too? A coin is a “small, flat, round piece of metal or plastic used primarily as a medium of exchange or legal tender. [Coins] are standardized in weight, … Continue reading

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Renimbi going into the SDR Basket

It always seems impossible until it’s done. Nelson Mandela The renminbi will join the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket this Saturday, 1 October, which is also China’s National Day. So the day will be double-happiness for … Continue reading

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What Does BREXIT Mean for China?

If you don’t know where you are going, you might wind up someplace else. Yogi Berra In the short-term, Brexit has little direct effect on China, except an indirect impact of increasing its financial volatility due to the post-Brexit global … Continue reading

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