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The accidental trillionaire
4 Dec 2014

The accidental trillionaire

by Simon Taylor | posted in: China, Economics, Finance sector, International affairs | 0

China’s $3.9 trillion foreign exchange reserves were not planned but arose as a side effect of a strategy, now ended, of keeping the RMB exchange rate lower than the market would have set it. * Last week I visited the … Continued

China, foreign reserves, SAFE, sovereigns

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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