Besides default, perhaps the biggest risk to holders of euro-denominated bonds is currency convertibility. It isn't talked about all that often, but it hangs over the market like a black cloud. The ...

As trade denominated in yuan continues to rise at a phenomenal rate, its significance to global markets is quickly increasing. But even as the IMF considers adding renminbi to the basket of SDR ...

The idea of a "gold standard" monetary system is pretty simple -- the currency's value is fixed to gold. This is really no different than the dozens of "euro standards" and "dollar standards" already ...

The big bang has arrived for Uzbekistan’s financial system, with the government lifting decades-old currency restrictions that had choked entrepreneurship and enabled the black market to thrive. At ...

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“A freely convertible [currency] must have sound, credible and time-consistent macroeconomic policy,” noted Shri Padmanabhan, executive director of the Reserve Bank of India, recently, in an effort to ...