RMB – Simon Taylor's Blog

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

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

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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