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exchange rates

On the importance of kindness
7 Apr 2020

On the importance of kindness

by Simon Taylor | posted in: Book recommendation, Economics | 2

A global epidemic can seem rather abstract, until someone you know personally is killed by it. Last week Emeritus Professor of Economics at Birmingham University Peter Sinclair died at the age of 73 from COVID-19. I and many other remember … Continued

exchange rates, macro
Key finance concepts: exchange rates
12 Jul 2016

Key finance concepts: exchange rates

by Simon Taylor | posted in: Course material, Economics, Key finance concepts | 0

Exchange rates are among the most important macrofinancial prices, influencing many aspects of an economy. This post introduces exchange rates and their importance for macroeconomic adjustment * What is an exchange rate? An exchange rate is a ratio, the price … Continued

exchange rates
What exactly is “the” exchange rate?
3 Feb 2016

What exactly is “the” exchange rate?

by Simon Taylor | posted in: China, Course material, Economics | 1

Exchange rates are ratios of the price of one currency to another. We should be careful about saying “the” exchange rate without being clear as to which particular ratio we mean and why. * Exchange rates often dominate the financial news. … Continued

exchange rates
The IMF includes the RMB in the SDR basket
2 Dec 2015

The IMF includes the RMB in the SDR basket

by Simon Taylor | posted in: China, Course material, Economics, International affairs | 0

On 30 November 2015 the IMF voted to include the RMB (the Chinese “people’s currency” denominated in yuan) in the basket of currencies it uses to calculate the value of the Special Drawing Rights, from October 2016. This is largely … Continued

exchange rates, foreign reserves, IMF, liquidity, RMB, SDR
Is a market determined exchange rate always a good thing?
21 Sep 2015

Is a market determined exchange rate always a good thing?

by Simon Taylor | posted in: China, Course material, Economics, Finance sector | 0

For years there has been pressure on China to allow its exchange rate to be determined by market forces rather than by the central bank. Now that seems closer to happening but it might mean a fall in the RMB, … Continued

exchange rates, RMB
Why forecasting exchange rates is near-impossible
22 Mar 2015

Why forecasting exchange rates is near-impossible

by Simon Taylor | posted in: Course material, Economics, International affairs | 3

As an economist, over the years I’ve been asked two things repeatedly by people who hold economics in touchingly high regard. One is, which way will house prices move? And the other is, what will happen to the value of … Continued

exchange rates

About

Simon is a member of the finance faculty group at Cambridge Judge Business School. From 2008-18 he was the first Director of the University of Cambridge Master of Finance (MFin) degree, and he is now Director of the University's Global Executive MBA. An economist and former equities analyst at JPMorgan and Citigroup, he teaches on financial markets and institutions, infrastructure finance and the world financial system. He is a Fellow in Economics at St. Catharine's College, Cambridge. His book on nuclear power in the UK was published in March 2016.

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